Motorcycle insurance in Florida, is it required?

The highways and scenic byways of Florida see some of the heaviest traffic in the country. While many states require motorcycle insurance coverage be comparable to other motor vehicles, Florida laws regarding necessary insurance coverage vary for different vehicle types. 

Vehicles with four-wheels are required to carry personal injury protection. Here is everything you need to know about motorcycle insurance in Florida according to

Florida’s ‘No-Fault’ Laws Don’t Apply to Motorcycles

When it comes to vehicle accidents, Florida is one of the few states with ‘no-fault’ laws. No-fault means that motorists send medical or property damage claims to their own insurer, regardless of who was at fault for the accident. Under this law, motorists are typically not allowed to sue another motorist for medical bills or property damage, with some exceptions for serious injuries. 

As a ‘no-fault’ state, motorists are required to have a minimum amount of insurance coverage to keep their vehicle on the road. However, motorcycles do not fall under the ‘no-fault’ umbrella. That means motorcycle riders must sue other motorists in the event of an accident. 

That doesn’t necessarily mean auto insurance motorcycles isn’t required. 

Minimum Motorcycle Insurance Required

Florida laws regarding insurance requirements for four-wheeled vehicles are minimal at best. The laws for motorcycle insurance Florida is even more lax. Not much insurance coverage is required for motorcycles.

Rather than requiring specific coverage of property or injury liability, motorcyclists are must meet a requirement of financial responsibility of at least $10,000 in medical benefits. The benefits can come in the form of liability insurance or through your personal health insurance policy. 

Motorcyclists don’t have to show proof of a typical insurance policy to register their vehicle. However,  they do have to show proof that they meet the financial threshold for motorcycle insurance Florida required to cover any potential damages. 

Florida has one of the highest rates of uninsured drivers according to
https://floridainsurancequotes.net/motorcycle-insurance/get-inside-scoop-motorcycle-insurance-quotes-florida/. It may be fiscally beneficial in the long run to opt for liability insurance if you drive in the sunny, southern state.

Finding the Best Price on Auto Insurance in Florida

According to Florida state law, all drivers are required to have insurance on their vehicle to cover them in case of an accident. Unfortunately, finding low priced insurance can be overwhelming for the financially conservative resident. However, finding cheap auto insurance in Florida is simply a matter of visiting Florida Insurance Quotes and getting a quote.

Know the Laws and be Informed on Florida

Coming to Florida from a new state can be a bit overpowering. When moving to a new area (especially if coming from another state), you will probably be working to register your car and obtain insurance in your new state. When relocating to Florida, you will need to obtain a new state policy that will be issued by the Florida Department of Financial Services. Florida’s insurance system is unique to it as a state and learning the state law will help ensure you are safely covered. While, Florida has a no-fault clause in its insurance laws, this clause will not cover medical costs. How does this affect your insurance? According to
https://floridainsurancequotes.net/auto-insurance/best-car-insurance-companies-florida/ it simply means you may need to purchase more inclusive and higher coverage packages.

Another thing to consider when purchasing insurance in the state of Florida, is the state’s erratic weather patterns. Typically, Florida sees a large amount of heavy wind and rain, which will affect the safety on a road.  Another impact on Florida insurance will be the accident statistics. Florida has a relatively high rate of accidents. Knowing you have the best possible insurance coverage will help you keep peace of mind while on the road.

Browsing Insurance Companies

Shopping around is the most important way to find reasonably priced insurance. Ask for quotes and compare these quotes to other offers. Research local agents and their companies and start keeping track of contacts and price options.

Obtaining cheap auto insurance in Florida requires a little research on local insurance companies. There are hundreds of insurance companies claiming to offer cheap auto insurance in Florida. Choosing the best insurance company for your policy will ensure you really do get the best price on your coverage.

The first thing to decide when browsing companies is rather you prefer a large or small company. Small companies often offer a lower price, but larger companies will tend to have more stable and reliable coverage. However, this certainly does not mean smaller companies cannot offer this same level of dependability. Florida’s most popular companies include Liberty Mutual, Nationwide, Esurance and Geico.

Recognizing Your Situation

Part of finding cheap auto insurance in Florida is knowing and accepting your own situation. Young and inexperienced drivers can often affect the price of auto insurance. As will having multiple accidents or other blemishes on your driving record. Having a clean driving record will go a long way in ensuring you can find the best auto insurance in Florida according tohttps://floridainsurancequotes.net/auto-insurance/best-auto-insurance-florida/. However, also remember to ask about possible discounts. Many companies offer discounts to good students and military personnel, not to mention discounts for safe driving. Asking is the only way to ensure you are not missing out on just such a discount.

Does my Florida homeowners policy cover art?

With the recent dip in the property market and stocks and shares at an all-time low, many investors are turning to art as the sensible place to put their money, as art pieces tend not to depreciate in value with age.  But according, relying on your regular Florida homeowners insurance policy to cover your valuables isn’t such a good idea.

A cover all policy vs a specialist art policy

Although technically it is true that your umbrella insurance will cover your art, it is just that, an umbrella, meaning a one size fits all and although this would be fine for protecting your computer or your furniture, it isn’t designed to go into the detail and specifications of ownership and maintenance of fine art.

For example, imagine that your clumsy dinner guest knocked a chip out of your favorite (and not to mention highly expensive) sculpture.  Most general policies do not cover art restoration according to https://floridainsurancequotes.net/home-insurance/florida-home-insurance-rates/, which means all repair costs must be covered by yourself.

Or maybe your highly collectible piece is stolen.  Under a general policy, a claim would be paid out based on the price you paid for the piece and not necessarily what the art is actually worth.

Valuation, Valuation, Valuation

Florida home insurance policies also do not take into consideration the fluctuating values of art pieces.

If, as in the first example, you need to restore a piece of your collection, the value of that piece will decrease, therefore you would need a more flexible policy to account for this.

Likewise, if the artist should die within the life of your policy, the value of the piece may well go up, but under a general policy, this would not necessarily be reflected.

Many insurers are now employing individual art specialists and valuation experts in a bid to stress the importance of a proper valuation of an art piece prior to taking out insurance.  However, the general rule of thumb seems to be that all collections worth a few thousand dollars or more should be covered by a specialist insurance as many online Florida homeowners insurance policies from https://floridainsurancequotes.net/florida-homeowners-insurance/ do not cover items above this level anyway.

In conclusion, even if your policy does cover your art collection as it stands now, chances are over time it will grow and therefore, perhaps individual, specialist cover designed specifically for art collectors would be a better way to go.