Public transportation, which is operated by MDT (Miami-Dade Transit) and bicycle are heavily used; they have become major parts of city life as well. When it comes to auto insurance, Miami Beach follows the rules regulated by Florida Office of Insurance Regulation. Good to Go Insurance does not currently have the license to offer and underwrite auto insurance policy in the city, but it can always refer you to other companies that can provide legal insurance for you.
Good 2 Go works as a subsidiary of American Independent Companies, Inc. There are at least three companies under this insurance firm that are licensed in Florida including American Independent Insurance Company, Omni Insurance Company, and Omni Indemnity Company. Goodtogoinsurance is not allowed to sell and underwrite insurance policies in the state. The company will mainly refer you to the mentioned affiliates or even non-affiliates to provide legal insurance policies that comply with the state’s regulations.
Miami Beach Auto Insurance Regulations
Similar to any city in Florida, auto insurance laws in Miami Beach are regulated by Florida Office of Insurance Regulations. Florida is one of few states in the U.S. that still implement no-fault insurance. This means your insurance company will pay your medical cost due to an accident regardless of who is at fault. Minimum liability requirements for auto insurance in Miami are as follows:
PIP (Personal Injury Protection): this is the coverage that acts as the no-fault coverage. It pays your medical cost caused by an accident, no matter who is at fault. It also covers your child and passengers. Anyone with a valid driving license who drives your car will also be financially protected in case someone gets injured in an accident. In case you are sued by another person involved in the event of an accident, PIP also provides legal defense on your behalf. The minimum limit is for PIP is $10,000.
PDL (Property Damage Liability): when you are liable for damages to other people’s properties such as cars or fences, PDL coverage will provide the payout. The minimum liability limit for this coverage is $10,000.
Good to go auto insurance company in Miami Beach also offer some extra coverage as well, for example, collision, comprehensive, separate medical payment coverage, rental reimbursement, etc. The state requires those additional types of coverage, but they provide more complete financial protection.