This office lease clause describes the allocation of risks. The parties desire to allocate certain risks of personal injury, bodily injury or property damage, and risks of loss of real or personal property by reason of fire, explosion or other casualty, and to provide for the responsibility for insuring those risks as permitted by law.
The Florida No Fault Clause, also known as the Florida No-Fault Insurance Law, is a legal provision that requires all drivers in the state of Florida to carry personal injury protection (PIP) insurance coverage to provide financial benefits in the event of a car accident, regardless of who is at fault. This clause was introduced to ensure that injured parties receive prompt medical attention and compensation without having to go through lengthy and costly litigation processes. Under the Florida No Fault Clause, drivers must have a minimum of $10,000 in PIP coverage, which includes medical expenses, lost wages, and death benefits. This coverage applies to the policyholder and their immediate family members, as well as passengers who do not have their own PIP insurance. One key aspect of the Florida No Fault Clause is the requirement for prompt medical treatment. Injured parties must seek medical attention within 14 days of the accident to be eligible for benefits. Failure to do so may result in the denial of benefits unless there are exceptional circumstances. Additionally, the Florida No Fault Clause imposes restrictions on filing lawsuits for car accident injuries. In most cases, a person cannot sue the at-fault driver for injuries unless the damages exceed a certain threshold, commonly referred to as the "no-fault threshold." The threshold includes significant and permanent loss of an important bodily function, permanent injury, significant and permanent scarring or disfigurement, or death. It is important to note that there are certain exemptions to the Florida No Fault Clause. Motorcyclists, for example, are not required to carry PIP insurance but are still subject to liability coverage requirements. Furthermore, individuals who are involved in accidents while under the influence of alcohol or drugs may not be eligible to receive PIP benefits. Different types of Florida No Fault Clauses may include variations in the minimum coverage limits and thresholds, depending on the specific legislation. However, the core principle remains consistent across these variations, which is to provide immediate financial assistance to injured parties without determining fault.
