Auto Insurance

Question 1

Financial Responsibilty Law

Answer 1

Required to carry bodily injury liability at least 10,000 per person and 20,000 per occurrence.

Question 2

Personal Injury protection (PIP)
Property damage liability

Answer 2

Required to have 10,000 for each. Total 20,000

Question 3

Uninsured and underinsured motorist

Answer 3

Comes in stackable and nonstackable coverage

Question 4

Cancellation

Answer 4

45 days; nonpayment of premiums is 10 days.

Question 5

Nonrenewal

Answer 5

notice 10 days prior with reason

Question 6

Mature Drivers

Answer 6

Reduction in premium; 55 or older; 3 year premium reduction

Question 7

Treatment of Motorcycles

Answer 7

Miscellaneous type vehicle endorsement to expand definition to include motorcycles, motor homes, golf carts, dune buggies, and other recreational vehicles.

Question 8

Florida Automobile Joint Underwriting Association

Answer 8

unable to secure coverage;
Liability limits 100/300/500
Medical limits 500/1000/2000