0
Is it true You may be required to have additional insurance coverage in Florida if you have never been in an accident?
Wiki User
∙ 6y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is full coverage auto insurance required for auto financing?
Yes, full coverage auto insurance is required for auto financing. This rule protects the bank if you have an accident.
What is the minimum car insurance coverage required under Connecticut law?
A minimum of $20,000 per person and at least $40,000 per accident in liability insurance in case they cause an accident that caused bodily harm is what is required under the Connecticut law.
Where can I get liability car insurance?
Liability coverage (often simply called "liability") protects you from damage you do to others or to property in an accident. Some level of auto liability insurance coverage is required in all 50 states - get info for your state's auto liability insurance coverage requirements here.
If you are a new teenage driver do you have to have full coverage insurance?
Not required, but recommended since you have a higher risk of being in an accident since you are less experienced...
If your car is paid in full do you need full coverage insurance?
No. But in most states you are still required to have liability insurance to cover the costs of any damages you may cause to others if you are at fault in an accident.
Is insurance coverage mandatory?
It depends on the type of insurance and the state. Health insurance coverage is required in Massachusetts, for example. Meanwhile, auto insurance is required in many states, but not in New Hampshire. It varies.
To protect yourself from being sued if you cause an accident , the state requires what type of insurance?
Auto liability insurance is a type of car insurance coverage that's required by law in most states. If you cause a car accident — in other words, if you are liable for the accident — liability coverage helps pay for the other person's expenses.
What kind of business insurance do car rental places offer?
There are a few insurance plans that are required by law for car rental places. These include: collision damage waiver, liability insurance, personal accident insurance, personal effects coverage.
Know the Insurance Requirements in Dallas?
Drivers who want to stay legal on Dallas roadways today should take time to learn more about local auto insurance requirements. All Dallas drivers are required by Texas state law to maintain a minimum level of auto insurance coverage. More than that, they are required to carry proof of insurance coverage with them at all times. Learning more about minimum insurance requirements today can help you maintain your status as a legal driver on Dallas roads.Minimum Insurance RequirementsAll drivers in Dallas as well as across the state of Texas are required by law to maintain an insurance policy that provides 30/60/25 liability coverage. This is coverage that is used to pay for expenses to another driver involved in an accident, and not to repair your own car. These coverages are used to pay for vehicle repairs, medical expenses, and property damage that you caused iothers to incur n an accident. Many drivers opt to buy additional coverage that covers their own vehicle repairs and medical costs after an accident, but this coverage is not required by law.When You Might Be Asked for Proof of InsuranceYou may think that if you are a safe driver and don't get in an accident, you don't need to purchase auto insurance. The fact is that drivers in Dallas are asked to show proof of insurance on many different occasions. They will be required to show adequate coverage when registering and renewing registration on their vehicle annually, when getting their annual car inspection, and when they are pulled over for speeding or other traffic violations. Proof of insurance will also be required if you do get in an accident. There are many consequences a driver in Dallas could face by not presenting proof of insurance that meets state requirements. This includes a monetary fine, jail time, or the suspension of a driver's license. Consequences become more severe with multiple infractions as well as if you have an accident while uninsured.The fact is that because state law requires Dallas drivers to maintain a minimum level of auto insurance, this is a required cost of driving. You can shop around for low auto insurance rates online to find a great deal on your coverage.
If your insurance company denies a claim can the state revoke your driver license just as if you were carrying NO insurance?
Yes, If you are in an at fault accident for which your state law requires you carry the appropriate coverage and the insurance you bought does not cover it. Then you were in fact uninsured for that accident and you are not in compliance with your state law regarding your financial responsibility.Basically it means that you did not have the minimum coverage required by your state.
What does CTP green slip insurance mean?
CTP green slip insurance refers to compulsory third party personal injury insurance. This is required insurance to be bought when registering a car that provides coverage when the person driving the car is at fault in an accident.
What Types of Car Insurance Are Used in Florida?
New drivers may be confused about the different kinds of car insurance available on the market. This is no different for new drivers that live in Florida. To give people a better understanding of Florida car insurance, below is a brief over view of how Florida car insurance works and the different kinds of car insurance available to Florida residents. Certain states have what is referred to as a "fault" car insurance system. In such a system, certain drivers are blamed for accidents. If a person is determined to be at fault, that person will be held liable for the accident. This could result in a person's insurance being used to pay for all damages created by an accident for both drivers. Florida car insurance is quite different. Florida uses a "no fault" system for car insurance. In this system, neither party in an accident is blamed for the damages created by that accident. For this reason, certain kinds of insurance that are required in other states that have a fault system are not required in Florida. Comprehensive car insurance is also not required. Comprehensive car insurance covers things such as "acts of god" that include damage done to a car due to severe weather. Uninsured motorist insurance is not required either. This is insurance bought in some states to cover drivers in case they are ever in an accident with a driver that does not have car insurance. One kind of car insurance that is required for Florida drivers is PIP car insurance. PIP is an acronym that stands for "personal injury protection." This kind of coverage is used specifically to cover the driver and others if bodily harm was caused to them by an accident. A driver is required to have a policy that provides at least $10,000 of PIP coverage. Florida residents are also required to have PDL coverage in their car insurance policies. PDL stands for property damage liability. This kind of coverage covers expenses produced by property that was damaged or destroyed in an accident. $10,000 of PDL coverage is also required for each car a Florida resident owns. Certain drivers that have been previously involved in a serious accident or have been convicted of serious driving offense may also be required to purchase something known as BIL insurance. BIL stands for bodily injury liability. This kind of coverage pays for expenses related to permanent injuries or deaths caused by auto accidents.
