You Probably Do Not Have Full Automobile Insurance Coverage

To drive legally in Florida, you are only required to have Personal Injury Protection (pays up to $10,000.00 of your medical bills, regardless of who is at fault for the accident) and Property Damage (which covers you if you cause damage to someone else’s property). In Florida, you are not required to carry insurance on your vehicle that provides Coverage if you injure someone else or if you are injured by someone that does not have the proper insurance or has no insurance at all (these are both optional types of Coverage you can and should have on your automobile insurance policy).

While there are all different types of Coverage you could have on your automobile insurance policy; this article will go over just a few. First is Comprehensive, which replaces or repairs your vehicle if your car is stolen or damaged for something other than an accident (usually fire, falling tree branch, vandalism, etc). Next is Collision, which covers your vehicle if your vehicle is damaged in an accident. Comprehensive and Collision are optional coverages if you own your vehicle outright. However, if your vehicle is financed or leased in almost all instances, your lender will require these coverages.