Automobile Insurance Coverage Miami Florida FL
Reader’s Question:
Is it mandatory to get an automobile insurance in Miami, Florida? I just got my car registered for the first time.
Tony
Miami, FL
The answer is yes– In registering any vehicle that has at least 4 wheels, you must have vehicle insurance. An auto insurance policy is a contract that protects you against financial loss in case you get into an accident. There are different types of insurance policies, with coverage ranging from medical costs to damage to vehicles or to properties. Most states require basic auto insurance coverage because they need to ensure that each of its residents is protected by another’s financial responsibility (depending on whose fault the accident was). And if you ever get involved in a vehicular accident and the police learn that you don’t have car insurance, chances are you would get a penalty for not following the state’s financial responsibility law. Other than this, you may also face a big amount of loss on your part, depending on what the court would determine as your “responsibility” over the incident. This amount of money would have to come out of your own pocket rather than from the insurance company’s, had you been insured when the accident happened. So whether it’s mandatory there in Florida or not, it’s still best if you just get insured and have your future protected.
Tags: auto insurance, auto insurance premium, car insurance