Florida Auto Exchange encourages everyone to drive safely, but if an accident happens, be prepared!
No one expects to be in an automobile accident. However, the unfortunate reality is that there are, on average, six million car crashes each year. While a majority of these incidents are relatively minor, about one-third result in permanent injuries. As such, this can instigate long periods without work and costly medical bills, which means you need to be prepared.
A No-Fault State
Florida is considered a no-fault insurance state; however, this term is a bit leading. The no-fault clause only applies to accidents that cost less than $10,000 in personal losses, meeting medical bills, property damage or lost income. Exceptions to the no-fault law come into play when damages exceed the $10,000 mark, according to Schwed Law. Chances are, anything more significant than a minor fender-bender will quickly surpass this amount.
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