Tag: auto insurance

Florida’s No-Fault Auto Insurance System: What It Means for Drivers

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If you’re a Florida driver, you’ve probably heard the term “no-fault insurance” mentioned, but what does it really mean? At Peninsula Underwriters Insurance Agency in Gainesville, FL, we believe that understanding your policy is just as important as having one—especially when it comes to Florida’s unique no-fault auto insurance system.

What Is No-Fault Insurance?

Florida is one of a few states that operates under a no-fault auto insurance system. In simple terms, this means that after an accident, your own insurance pays for your medical expenses and certain other financial losses, regardless of who caused the crash. This coverage is provided through Personal Injury Protection (PIP). Every Florida driver is required to carry at least $10,000 in PIP coverage.

Why It Matters to You

No-fault insurance can simplify the claims process, allowing you to receive compensation for your injuries more quickly. However, it also limits your ability to sue the other driver unless the injuries are severe. Understanding your coverage limits—and what they don’t cover—is crucial. For example, property damage is not covered under PIP, so you’ll need Property Damage Liability coverage to protect against those costs.

Ensuring You’re Properly Covered

Florida’s insurance laws are different from those in most states, making it essential to have a policy tailored to your specific needs. Working with a local agency that understands these unique requirements can make all the difference.

At Peninsula Underwriters Insurance Agency in Gainesville, FL, we’re here to help you navigate Florida’s no-fault system with confidence. Contact us today to review your policy or get a quote that ensures you’re fully protected on the road.

Does standard auto insurance cover Uber and Lyft driving?

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At Peninsula Underwriters Insurance Agency in Gainesville, FL, we understand that times are tough for most consumers. As a result, many of you find opportunities to supplement your income. A common way many do this is to drive for Uber or Lyft. However, it is vital that you contact your insurance company to ensure that you have coverage when operating your vehicle for one of these ridesharing companies.

Driving for a ridesharing company is a common exclusion for most insurance companies on a standard personal auto policy. Therefore, you may not be covered if you are in an accident while transporting passengers to their destinations. This could leave you responsible for any injuries to your passengers and those in the other vehicle with which you were in an accident. It could also leave you responsible for damage to the property of others caused by the accident.

Why, you ask? Uber and Lyft are considered commercial use, and a personal auto policy does not cover business driving. So, you would need other coverages, such as a commercial policy or a rideshare endorsement, to cover your vehicle when driving for one of those companies. This rule also includes driving for delivery services such as Uber Eats, Grub Hub, and Door Dash, to name a few.

Now that you know this information, you must protect yourself, even if you think there is a possibility that you may begin to drive for one of these transportation or delivery services.

Call Peninsula Underwriters Insurance Agency Today!

When supplementing your income by ridesharing or making it your main source of income, ensure that you are protecting yourself and everything you are working hard for. Call Peninsula Underwriters Insurance Agency in Gainesville, FL, today with questions about rideshare driving. Our number is (866) 791-9016.