Unlike most states, Florida does not require motorcycle riders to purchase insurance. While you do not have to purchase a policy, it makes financial sense to do so.
With motorcycle insurance, you have protection to cover damages if you are involved in an accident. Additionally, it will help limit your financial liability. Insurance protects you if you travel to other states where it is required.
Insurance Requirements in Florida
All drivers of a vehicle with four wheels or more must purchase PIP (personal injury protection) coverage in Florida. If you file a claim within 14 days of your accident, it guarantees payment of the following:
- Up to $10,000 in emergencies
- Up to $2,500 for medical costs
While this is the case, PIP coverage is not offered to all motorcyclists. This is true even if they have it for another vehicle they own.
Injuries caused by motorcycle accidents are bound to be more severe, which means riders are more of a financial risk if they are involved in a serious accident.
Insurance Requirements for Registering a Motorcycle in Florida
Requirements for motorcycle insurance in Florida are based on the owner’s financial responsibility against liability. This means you do not need insurance to register your bike. However, if you cause an accident, you are financially liable.
You have three options to choose from when registering your motorcycle:
- Acquire the self-insurance certificate. Florida’s Bureau of Financial Responsibility provides this. It is possible to acquire this certificate if you can show evidence of a financial situation sufficient to handle an accident claim.
- Purchase liability insurance. You can purchase liability coverage from a licensed carrier. This is the easiest and most affordable option for getting coverage (in most cases).
- Acquire a Financial Responsibility Certificate. To receive this, you must post a surety bond with a company and deposit cash or securities with the FLHSMV.
Read Full - Do I Need Motorcycle Insurance In Florida?
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https://justinforjustice.com/do-insurance-rates-go-up-after-using-uninsured-underinsured-motorist-coverage/Worrying about insurance rate hikes after an accident is normal.
Insurance agents and adjusters will try to dissuade you from the service you rightfully are paying for and cause you more pain and suffering by telling you that your insurance rate will go up.This is not done with your best interests in mind, but to save insurance companies money and to avoid the complexities of the legal process during a personal injury or car accident claim.
Personal injury lawyers can be highly vital after a car accident in helping you get the medical and rehabilitative care you deserve after a car accident.
Apart from helping you get the best care, a Miami car accident lawyer will also help you with any legal rights when you are in an accident.
