The Financial Responsibility Law requires drivers to:
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Pay $15,000 of Property Damage Liability (PDL)
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Share the financial risk of road crashes with the other drivers
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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 their car insurance.
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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
To register your vehicle in Illinois, you must have an Illinois Certificate of Title.In Florida, there are two motor vehicle insurance laws. They are:If you are involved in a collision, you must exchange your driver license information and ___________________________ with the person(s) involved.You should always travel:Under the No-Fault Law, you must maintain insurance coverage:Before a driver can regain driving privileges after losing them because of an unsatisfied judgment suspension resulting from failure to pay for the damages from a crash, the driver must file proof of financial responsibility with the Secretary of State's office.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:You may receive a notice to verify financial responsibility from the BMV if:After buying a vehicle, the owner must title it within:The penalty for driving without motor vehicle liability insurance is license suspension for a minimum of:
This question appears in the following DMV practice tests: