The Financial Responsibility Law requires drivers to:
|
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 $15,000 of Property Damage Liability (PDL)
|
|
|
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 — 16.4% of our users answer it incorrectly.
Other questions in the same category: Financial Responsibility, Insurance & Vehicle Registration Requirements
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.You must notify the DMV within 5 days if you:
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 may receive a notice to verify financial responsibility from the BMV if:After buying a vehicle, the owner must title it within:If you drive without liability insurance coverage on your vehicle, in Virginia you face:If you crash and you do not have liability insurance:The penalty for driving without motor vehicle liability insurance is license suspension for a minimum of: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: