Do you know what’s required?
Are you aware that in order for people to legally drive in the state of Florida they must have declared a form of financial responsibility with the state? There are different types of financial responsibility that can be used. One type is the commonly used auto insurance policy. By purchasing a policy, you are showing the state that there is a way for you to pay for damages you could potentially cause in an accident. Technically speaking, this policy acts as a contract between you as the policyholder and the auto insurance company. They are agreeing to pay for certain damages made under certain circumstances once you have paid the deductible.
The minimum amount of insurance that is required for all drivers by the state legislation of Florida is $10,000 of personal injury protection and $10,000 in property damage liability. Of course there are quite a few additional types of coverage that can be purchased and added to a policy, but we’ll discuss those later on. Personal injury protection is a type of coverage that protects the policyholder, members of the policy, and passengers in the insured vehicle at the time of the accident. This coverage pays for the medical bills resulting from the accident, up to the purchased amount. It acts as a second healthcare insurance coverage for most people, but is a great help if a person doesn’t have health insurance. Drivers who host a carpool frequently will want to consider increasing this coverage to be able to pay for all passengers in the vehicle. It also will apply to the policyholder and the members if one of them happens to be struck by a car as a pedestrian.
Property damage liability is coverage where the insurer will pay to repair the damages you cause in an accident to another person’s property, up to the amount you’ve purchased. This can include another person’s vehicle, a fence, light post, building, or any other structure that does not belong to the policyholder or household member. In certain areas of Florida, more expensive cars are found on the road. The minimum amount of $10,000 would not be sufficient to cover any major damage or the replacement of an expensive luxury vehicle. The policyholder in this case would be expected to pay the difference in cost between what the insurer paid and the final cost of repair. Some experts recommend that drivers carry $100,000 of property insurance.
How to get coverage in FL
One way to find local insurers to provide coverage on the vehicle is by searching through phone books or Internet sites and contacting them individually. The driver could ask them how long they’ve been in business, what prices do they charge, and find out what types of coverage they offer. The insurer’s representative will then ask the driver for some information as well, such as their name, age, address, coverage wanted, type of vehicle to insure, among other things. When this information has been exchanged, the driver will hang up the phone and call the next insurer, and the same information will once again be exchanged. This could go on all afternoon or even longer, and it’s a deterrent to someone who does not want to waste their time but still find a great policy in Florida.
Instead of going through this process, our site offers a way for Florida citizens to answer only one set of questions, one time, and end up with a list of quotes from local insurers who are interested in providing their services. These questions only take a few minutes and are centered around the driver, the vehicle, and the coverage wanted. We will need to know who the driver is, how old they are, where they live, and details about their driving record. We do not require the use of a driver’s license number or a social security number. We feel that as long as the applicant provides honest and accurate information throughout the questionnaire, correct estimates can be provided on the quote page. Also needed is information about the vehicle, such as the year, make, model, where it is parked at night, how many miles it is driven and its main purpose. Finally, telling us which type and the amount of coverage desired to be purchased will end the questionnaire. We take all of this information and give it to the insurers who come back with their estimated quote of how much it would cost for you to have their insurance.
After reviewing the given quotes, the driver can choose a policy and purchase it right then online with a credit card. However, there is no obligation to purchase anything nor is there any limit as to how many times a person can use our quote comparison tool.
Additional Coverage For Your Policy
A motorist who wants full coverage for their vehicle will need to go beyond the state minimum requirements and purchase more coverage types. Below is a list of additional types that can be added to a policy:
Bodily Injury Liability: This coverage is required in most other states, and provides medical care for the other driver when the policyholder (you) is responsible for the accident.
Uninsured/Underinsured Motorist: Pays for the damages that occur to the policyholder (you) caused by another motorist who is either uninsured or does not carry adequate insurance.
Comprehensive and Collision: These are two separate coverage options that are usually sold together. Between the two of them, the policyholder’s vehicle will be covered by the insurer no matter what or who caused damage to the vehicle.
Florida is a great state with plenty of sunshine and roads to explore. Make sure you’ve got the right type of car insurance at the best rates. Compare Florida auto insurance rates here with us to get the lowest price.
1 comments:
Yes you have completely explained car insurance policy in detail. My policy is just a basic one that I have bought last year. This time I am in a mood to buy some more coverage option but is confused between all the available options. SO need to know which coverage type should be opted first and best suits.
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