The Financial Responsibility Law requires drivers to:
|
Pay $15,000 of Property Damage Liability (PDL)
|
|
|
Share the financial risk of road crashes with the other drivers
|
|
|
Be financially responsible for damages they may cause to others when a motor vehicle crash happens.
|
|
|
Pay their car insurance.
|
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.
Answer Statistics
🟡 This question is moderately difficult — 16.6% of our users answer it incorrectly.
Other questions in the same category: Financial Responsibility, Insurance & Vehicle Registration Requirements
You are required by law to notify the Department of Motor Vehicles:In Florida, vehicle license plates and registrations must be renewed each year or biennially:The penalty for driving without motor vehicle liability insurance is license suspension for a minimum of:Under the The No-Fault Law, you must maintain insurance coverage:In Florida, coverage for Personal Injury Protection is:You must show proof of insurance to law enforcement:You may receive a notice to verify financial responsibility from the BMV if:Car insurance is important because:You must notify the DMV within 5 days if you:If you are the driver or owner of a vehicle which is in a crash that is your fault, and you do not have insurance to comply with the Financial Responsibility Law, you:
This question appears in the following DMV practice tests: