Auto Insurance
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Auto insurance is MANDATORY in the state of Florida.
“It’s always a good idea to carry more than the minimum coverage to protect yourself. If you accidently hit a pedestrian, or another car you may be sued for damages. Get the extra protection for a peace of mind.”
The Financial Responsibility Law
Requires certain drivers to carry full liability auto insurance coverage due to their driving history. These drivers include those at fault for past accidents resulting in injury to others, those who have received excessive points against their license, a DUI or a revocation due to serious and/or repeated offenses.
The Florida No-Fault Law
Requires all drivers to carry Personal Injury Protection (PIP). This coverage helps pay the insured’s medical bills in the event of an accident, regardless of fault. People often think drivers can’t be legally pursued for injuries they cause in an accident because Florida is a No-Fault state, but that isn’t right. No-Fault just means that drivers involved in an accident rely on their own car insurance providers to pay for subsequent costs.
The Financial Responsibility Law
Requires certain drivers to carry full liability auto insurance coverage due to their driving history. These drivers include those at fault for past accidents resulting in injury to others, those who have received excessive points against their license, a DUI or a revocation due to serious and/or repeated offenses.
The Florida No-Fault Law
Requires all drivers to carry Personal Injury Protection (PIP). This coverage helps pay the insured’s medical bills in the event of an accident, regardless of fault. People often think drivers can’t be legally pursued for injuries they cause in an accident because Florida is a No-Fault state, but that isn’t right. No-Fault just means that drivers involved in an accident rely on their own car insurance providers to pay for subsequent costs.
When shopping for a policy, beware of terms such as “full coverage” and “what’s required.” What one considers “full coverage” or “what’s required” may differ from one person to the next. You should determine the type and amount of insurance you need. The following is the most common coverage available in Florida.
Bodily Injury Liability (BI) Coverage
Pays for death or serious and permanent injury to others when you are legally liable for those damages. If you are sued, the insurer will provide legal representation until the insurer has paid the policy coverage limit.
Personal Injury Protection (PIP) Coverage
Pays 80 percent of all necessary and reasonable medical expenses incurred as a result of a covered injury, regardless of liability. This includes medically necessary medical, surgical, x-ray, dental, and rehabilitative services, including prosthetic devices and medically necessary ambulance, hospital, and nursing services. Payment is based on the fact an individual receives initial services and care within 14-days after the motor vehicle accident. Follow-up care is contingent on the covered person being diagnosed with an emergency medical injury. PIP also pays 60 percent of work loss and a $5,000 death benefit. The $5,000 death benefit is an additional amount of insurance.
Comprehensive or Other than Collision Coverage
Pays for damage to a vehicle from incidents other than a collision including: fire, theft, windstorm, vandalism or flood. It also covers damages caused by falling objects or from hitting an animal.
Collision Coverage
Pays to repair your vehicle if it collides with another vehicle, flips over, or crashes into an object (except animals), regardless of fault. In the event that your vehicle is determined to be a total loss, the insurer will pay to replace it. The amount paid by the insurer is typically limited to the vehicle’s actual cash value (ACV), unless the specific value of the vehicle has been previously agreed to by both you and the insurer.
Property Damage Liability (PD) Coverage
Pays for damage to, or destruction of, tangible property of another, including loss of use, for which you are determined to be legally liable. If you are sued, the insurer will provide legal representation until the insurer has paid the policy coverage limit. Florida law requires a minimum of $10,000 of this type of coverage.
Uninsured/Underinsured Motorist (UM) Coverage
Pays you for an accidental bodily injury, sickness, or disease, including death, when such an injury is the result of an automobile accident and the at-fault party does not have Bodily Injury (BI) Coverage, or has insufficient liability limits. Unlike PIP benefits, UM benefits are typically paid as a lump sum once the full extent of treatment has been determined, or rendered.
Medical Payments (Med Pay) Coverage
Pays for your reasonable expenses for necessary medical and/or funeral services due to a bodily injury or death sustained in an automobile accident, regardless of fault.
Towing & Labor Coverage
Provides coverage for emergency road service (at the scene) and towing up to the limits shown on the policy.
Rental Reimbursement
Provides for replacement transportation up to a specified limit shown on the policy. It applies if your vehicle is inoperable, or unsafe to operate following a covered loss. Some insurance companies will pay the rental vehicle provider directly, however others require that their insured pay the rental cost out of pocket, and submit receipts for reimbursement.
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