The Financial Responsibility Law requires drivers to:
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Be financially responsible for damages they may cause to others when a motor vehicle crash happens.
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Pay $15,000 of Property Damage Liability (PDL)
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Pay their car insurance.
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Share the financial risk of road crashes with the other drivers
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Explanation
In Florida, if you're involved in a collision, you are required to prove that you are financially responsible for all damages you caused. This financial responsibility can be demonstrated by purchasing an insurance policy from a company licensed to do business in Florida or by obtaining a Financial Responsibility Certificate from the DHSMV.
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Other questions in the same category: Financial Responsibility, Insurance & Vehicle Registration Requirements
In Florida, vehicle license plates and registrations must be renewed each year or biennially:The Financial Responsibility Law requires you to have bodily injury liability insurance at the time of:You must notify the DMV within 5 days if you: To register your vehicle in Illinois, you must have an Illinois Certificate of Title.You must notify the DMV within 5 days if you:You must show proof of insurance to law enforcement:If you crash and you do not have liability insurance:You are required by law to notify the Department of Motor Vehicles:In Florida, coverage for Personal Injury Protection is:If you are involved in a crash where you are at fault and do not have the required insurance to comply with the Financial Responsibility Law, your driver license and/or license plates will be suspended for up to:
This question appears in the following DMV practice tests: