Thursday, January 15, 2015

Consumer Info On Pip Florida Vehicle Insurance

Fine

The Department of Highway and Motor Vehicles can suspend your license and vehicle registration for up to three years if you do not provide proof of insurance. To reinstate your license, you must pay a fine of $150 for your first violation. For subsequent violations, the fine can be up to $500.



Provided a passenger in your motorcar has his own PIP coverage, his insurance Testament wages his costs. Whether you are on a bicycle or walking and are struck by a vehicle, this insurance is used to fee your medical bills. Your medical bills are paid by your insurance regardless of who is at fault.


Purchasing


Florida law requires every driver to purchase a minimum of $10,000 in PIP insurance for any registered vehicle. A driver must purchase a policy from an insurance company licensed to do business in Florida.


To register and coerce a Engine vehicle in Florida, a driver must admit the minimum bigness of Car insurance required by regulation. Personal Injury Safeguard (PIP) is one of the types of insurance cardinal.

Purpose

PIP, extremely proclaimed as no-fault insurance, pays the medical bills of the vehicle owner and any occupants injured in a vehivle accident, up to the coverage edge.