Understanding what FR44 insurance in the state of Florida entails.
If you have been charged with a DUI, then your state will require you to secure higher auto insurance liability coverage limits to better protect the public. In the state of Florida, this means filing an FR44 insurance form. Curious to learn more about what securing Florida FR44 insurance will mean for you? Then here are some of the specifics regarding this unique form of auto coverage.
What is FR44 insurance?
After being charged with a DUI, your state will require you to carry higher auto insurance coverage limits. An FR44 filing declares your financial responsibility and assures your state that you have secured the proper amount of coverage. According to Florida state law, drivers charged with a DUI are required to carry insurance limits of $100,000 per person bodily injury liability coverage, $300,000 per accident bodily injury liability coverage, and $50,000 maximum property damage liability coverage (100/300/50).
Why do I need an FR44?
In short, you need FR44 insurance because you are legally required to secure it. To start, you need to file an FR44 with the state to have your drivers license reinstated with the DMV. You will also need this coverage in order to legally drive in the years following your DUI.
Will I need FR44 insurance forever?
Fortunately, you are not required to carry this increased amount of auto coverage forever. Generally, a DUI will drop off your driving record after three years. At this point, your DUI will no longer affect your auto insurance rates, and you no longer have to carry your FR44 filing. However, it is important to understand that this only works if you have maintained your FR44 coverage consistently over the three-year period. If at any time there is a lapse in your FR44 coverage, then you will need to restart the three-year period all over again.
This is what you need to know about Florida FR44 insurance. Do you have additional questions regarding your specialty auto insurance needs? If so, then contact the experts at Staybull Insurance. We are ready to assist you with your FR44 filing today.