HOW IMPORTANT IS IT TO HAVE MOTORCYCLE INSURANCE IN FLORIDA? Do I need motorcycle insurance?
In almost all states, motor vehicle insurance or auto insurance is a necessity. However, in Florida, motor vehicle insurance laws are very different. You don’t need motorcycle insurance to ride a motorcycle.
Is motorcycle insurance required in Florida?
In Florida, driving a four (or more) wheeler, you need to have personal injury protection or PIP. This is a no-fault insurance and guarantees payment of up to $2,500 in case of a medical bill claim, filed within 14 days. In case of any emergency, the PIP will pay up to the upper limit of $10,000.
However, this means that if you don’t have motorcycle insurance and are involved in an accident, you can face financial disaster even if you have PIP for another vehicle.
WHY YOU SHOULD HAVE MOTORCYCLE INSURANCE IN FLORIDA?
According to the law in Florida, a motorcycle owner can register the vehicle even without do you need insurance on a motorcycle in Florida. In case of any accident, however, the driver is financially responsible if charged in any kind of motorcycle crash. You can choose from one of these financial options to cover any possible damages:
– Financial Responsibility Certificate – available after posting a surety bond with a company that has a state license.
– Self-Insurance Certificate from the Bureau of Financial Responsibility – available if you can show evidence of sufficient net encumbered capital.
– Liability insurance – purchased from any licensed Florida company.
So if you want to be safe, you need insurance for your motorcycle and yourself. Full coverage motorcycle insurance.
Motorcycle insurance in Florida.
How much is motorcycle insurance in Florida?
According to the law in Florida, the minimum liability coverage for passenger vehicles should be comparable to the coverage required for motorcycle insurance. This is
– One person’s bodily injury – $10,000
– Two people’s bodily injuries – $20,000
– Property damage in case of a crash – $10,000
THE NO-FAULT COVERAGE CLAUSE. Do you have to have motorcycle insurance in Florida?
In Florida, the no-fault coverage is applicable to four-wheelers (or larger ones). This covers medical bills in case of an accident no matter who was at fault for the accident. The thing is that this law does not apply to motorcycles.
In the event of an accident, the motorcycle driver has to get compensation from the other driver to cover:
– Medical bills
– Income loss
– Pain and suffering
– Motorcycle damage and repair
However, this may prove to be difficult in case the other driver does not have liability do I need motorcycle insurance in Florida. Considering that one in four drivers in Florida does not have liability insurance, this is not a risk worth taking, particularly if you do not have any motorcycle insurance.
It would be best if you opt for uninsured motorist coverage or UMC to protect yourself in case of an accident involving an uninsured motorist.
DO YOU FACE ANY PENALTIES IF YOU DO NOT HAVE MOTORCYCLE INSURANCE IN FLORIDA? Motorcycle insurance Florida.
While you can register your motorcycle and drive in Florida without motorcycle insurance, if you have an accident, you are financially responsible for injuries and property damage. And if the no liability coverage is in effect, then you can face additional repercussions including:
– Suspension of driving privileges
– Suspension of registration and tag
– Having to buy bodily injury and property damage liability coverage for three years
– The possibility of civil judgments against you
Contact us for a free consultation regarding your motorcycle insurance needs. We also offer homeowners insurance, auto insurance, and commercial business insurance as well. Our local family insurance agency can help you with all your insurance needs and save you money on quality coverage.
Other Policy Options
After you get your basic motorcycle insurance, consider expanding your policy with:
– Collision insurance: Coverage pays for damage to your motorcycle after an accident.
– Comprehensive insurance: If your bike gets damaged by non-accident threats, like weather, theft, or vandalism, this coverage can pay for the repairs.
– Uninsured/underinsured motorist insurance: If another person is at-fault for your bike’s damage, they might not have the appropriate insurance to compensate you. Rather, this coverage can help you do so.
– Gap insurance: Also known as loan payoff insurance, will help you pay off the cost of your vehicle loan in case of a total loss of the vehicle.
Keep in mind, in many cases, a vehicle lender can require you to buy certain damage coverage with certain requirements (like deductible requirements). This will help them feel more secure by knowing they can safeguard their investment in you and your bike. Therefore, make sure you buy at least whatever coverage they require of you.
License Endorsements and Helmet Requirements.
To complete your registration process, you will likely need a motorcycle endorsement for your Florida driver’s license. This will verify that you have the appropriate training to use a motorcycle. You will have to add the endorsement to your Florida license. However, the testing you might have to undergo will vary based on whether you have previously operated a motorcycle.
Florida’s laws for helmet requirements and safety gear vary. Some people don’t have to wear them. However, it is always best that you wear these materials at all times. It will help you securely protect yourself whenever you ride your bike. You might be able to prevent serious injuries, even in cases of small accidents, by wearing safety gear.
Florida No-Fault Laws and Motorcycle Insurance. Florida motorcycle insurance laws.
While Florida motorists benefit from the no-fault accident laws, they are prohibited from seeking compensation from the driver who caused the accident, except in certain cases of serious injury. However, Florida’s no-fault law does not apply to motorcycle operators. In order to receive compensation for medical bills, lost wages, pain, and suffering, and other damages, the motorcycle rider must pursue the driver that caused the accident and their insurance company.
While this may ultimately entitle the rider to receive more compensation than might otherwise be allowed for Florida drivers, the process of proving fault can be time-consuming and is never assured. If you are in an accident as a motorcycle rider, it is always wise to seek the help of a motorcycle accident attorney to receive the compensation you are entitled to.