Motorcycle insurance can be confusing to people in every state it exists in, but Florida is more confusing than some. The laws surrounding motorcycle insurance in Florida are different than the laws concerning car insurance in the state. Florida has a financial responsibility law, which does apply to motorcycles. This means that there are penalties for people who are operating motorcycles without a proper insurance policy. Knowing the difference between motorcycle insurance in the state and car insurance in the state is essential.
Many states have the same laws for car insurance and motorcycle insurance, but Florida has some pretty major differences between the two types of laws. One of the largest differences between the two is that Florida requires operators of automobiles to have Personal Injury Protection. Personal Injury Protection, also called PIP, covers lost wages and medical bills regardless of who is deemed to be at fault in an accident. These laws do not apply to motorcycles, however. Many insurance providers do offer PIP insurance for motorcycle operators. It can be a fantastic insurance to have, providing additional protection above the minimum limits required by law. That said, it is not regulated in the state of Florida and, therefore, is not required.
In addition, after a motorcycle accident occurs, a person does not need to show permanent injury in order to recover money for pain-and-suffering. This is required for injuries resulting from a car accident in the state, however.
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Purchasing motorcycle insurance in Florida can be done in two different ways. A person can buy insurance coverage from a licensed provider. The provider will need to be licensed specifically to do business in Florida. This is one of the most popular ways to get an insurance policy as a motorcycle driver in the state.
It is also possible for a person to self-insure. They will need to get a self-insurance certificate from the Bureau of Financial Responsibility, which will be based on net worth.
Outside of the minimum limits for car insurance, other options are available if people want to get further protection. The minimum requirements for motorcycle insurance in the state of Florida are $10,000 for one person for bodily injury liability coverage, $20,000 for two or more people for bodily injury liability coverage, and $10,000 per accident for property damage liability coverage.
Some people choose to get additional types of insurance, like uninsured motorist coverage, but these additional coverages are not required by law. Keep in mind that in the state of Florida, uninsured motorist coverage does stack, meaning you can combine the uninsured motorist coverage you have on other vehicles as well. Limits are placed on this, however, so discussing how having a stacked policy will affect you is beneficial.
There are many penalties a person can have for not having insurance as a motorcycle owner. Fines and fees can be administered, and a person’s driver’s license can be suspended as well. Their motorcycle registration and motorcycle license plates can also be suspended. Not only that, but if you are found to be at fault in an accident, you could be on the hook for tens of thousands of dollars in damages. Many people do choose to get more than the minimum requirement for car insurance. FloridaDiscountInsurance is here to assist you, and your motorcycle insurance needs in the state of Florida. Save money and get the best policy available for your needs here at FloridaDiscountInsurance.
Also, remember that you can save money by comparing policies from multiple companies for motorcycle insurance. Not only that, but many companies offer discounts on motorcycle insurance in the state of Florida. While motorcycle insurance law is different than car insurance law, there are still similar types of insurance policies for each. Research which policies you are interested in and get adequate protection for your needs at FloridaDiscountInsurance.
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