Lakes by the Bay Auto Insurance

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Lakes by the Bay, Florida auto insurance requirements

Florida is a No-Fault state for auto insurance. If you are moving to Lakes by the Bay from another state, you may be unfamiliar with No Fault insurance. Knowing and understanding Florida No Fault insurance law will help you you to find the right coverage for you and will also help you if you need to make a claim in the future.

The minimum auto insurance requirements in Florida are:

$10,000 of Personal Injury Protection
Property Damage Liability – $10,000

Personal Injury Protection (PIP) – This part of your insurance, covers you in an accident regardless of who is at fault. It pays for portions of costs such as medical expenses, lost wages, and resulting child care expenses. In the unfortunate event of death, PIP will pay $5,000.

Property Damage Liability (PDL) – This portion pays for damage you or a family member cause to others while driving. ‘Property’ may include fences, buildings, cars or telephone poles.

In Florida Bodily Injury Liability (BIL) is not required for everyone, just drivers in the high risk group. More precisely, those that have caused accidents, need SR22 or have too many traffic violations.

Your policy must be issued by a company licensed to do business in Florida and can not be from another state.

Driving without insurance in Lakes by the Bay, FL, is illegal. When you get caught you will face charges. You will be force to carry SR22 insurance and pay fines as well. DMV can suspend your driving privileges for up to three years.

Here is a list of some of the rights you have as a buyer:

Pick your own insurance company and adviser
Obtain your policy without the influence of discrimination
Obtain a fair coverage quote
Get copies of all forms and applications, including your insurance policy, within sixty days
Have your claim looked into in a proper and timely manner
Receive payment for essential fixes, or for the value of your automobile, within twenty days of putting your signature on a settlement agreement
File a complaint with your insurance provider

Some people spend a portion of their year in Lakes by the Bay, FL and the remainder of it elsewhere. If you have a car in Florida for more than ninety days throughout the year, you have to purchase at least the minimum personal injury protection and property damage liability coverage.

No Fault insurance explained

In its pure sense, No Fault insurance means that each motorist is covered by his own insurance, in case of an accident. The at fault motorist can not be charged for damages.

Not surprisingly, not a single state with No Fault law, enforces its principals that strictly. Florida is no exception.

Some men and women in Lakes by the Bay, Florida, are under the impression that their policy will cover all costs.This is simply not true. Your policy covers (up to your limits of course) only the medical expenses. The at fault driver’s insurance should cover you if your property and car have been damaged.

Florida no fault auto insurance law is intended to reduce lawsuits between drivers. You can only sue the at fault party if you meet certain thresholds like major bodily function, disfigurement or significant scarring.

Should I consider any other type of cover for my Lakes by the Bay auto insurance policy?

Insurance specialist state that going for the minimum coverage required is not a wise idea. In a serious accident, such policy will hardly cover your expenses. Higher limits and additional cover will guarantee that you are properly insured.

Adding collision and comprehensive coverage.
Uninsured/Underinsured Motorist insurance coverage.
Adjusting your deductible to help offset some of the additional costs.

Low cost car insurance in Lakes by the Bay, FL

Many people don’t realize how easy it is to find cheap car insurance in Lakes by the Bay, %%. It is as simple as shopping around and comparing quotes. Yes, never ever accept your renewal quote stright away. Auto insurance companies in Florida are fighting for new business and that is a very good news for you!

They offer savings and special rates which are only applicable to new clients.

Even if you have to have young drivers insurance in Lakes by the Bay you are still likely to get a discount under some circumstances. Are you aware that some companies offer discounts for good grades? That’s what you may call a win win situation, good education which is even financially compensated.

If you are a senior driver, you can also find cheap auto insurance. Senior drivers don’t generally drive flash cars and don’t have high mileage per year.

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