What Insurance is Required for my RV?
You are required to have “Personal Injury Protection” (PIP) and “Property Damage Liability” (PDL) insurance coverages on your RV before you can register your vehicle and receive license plates in Florida. You must maintain the coverages during the entire duration of the registration period in order to keep the vehicle in good standing with the State of Florida and avoid penalties. You should also talk to an agent at The Wurzel Agency in Oviedo, FL to go over your actual liability needs to fully protect you and your investment in your RV.
The minimum coverages required by Florida are:
- PIP: You must carry at least $10,000 in personal injury protection to cover yourself (Florida is a “No-Fault” state), your children, household members, and passengers who do not have a current PIP policy in case of injuries.
- PDL: In the event you damage another person’s property in an accident, you must carry an additional $10,000 in coverage to cover those costs.
These limits are not enough to effectively protect you financially in an accident and you have to review your situation to determine what coverage amounts are best suited to meet your needs.
There are also additional coverages you should consider when protecting your assets. Among the other types to consider are:
- Bodily Injury Liability (BIL): This will provide a higher level of financial protection than a PIP policy. Plus, a BIL policy provides you with funds to pay a lawyer to defend you in a lawsuit.
- Umbrella Insurance: This policy can provide an additional one to twenty million dollars in additional liability coverage in case of an accident with injuries provided you qualify for this type of policy. The minimum requirements stipulate that you have a 250/500 auto liability policy to cover injuries and you have a minimum of $300,000 homeowners or property liability coverage in case someone gets injured on your property.
Call us at The Wurzel Agency in Oviedo, FL. We will sit down with you and explain the types of coverages available and make sure you and your RV are full protected financially.