What are the auto insurance requirements in Margate, Florida?
The No Fault insurance law is used in only a few states and Florida is one of them. If you are moving to Margate from another state, you may be unfamiliar with No Fault insurance. Understanding and knowing Florida No Fault insurance law will allow you to find the right coverage for you and will also help you in the future, if you have to to make a claim. The law requires you to have a minimum cover of: • PIP – $10,000 • $10,000 of PDL Personal Injury Protection (PIP) – In the event of an accident, you are covered by this part of your insurance. 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. Only high risk drivers are required to carry Bodily Injury Liability (BIL) as well. Drivers who are requir
