Florida Auto Insurance Policy
Whether you are looking for auto insurance in Florida for the first time, or have had a policy for several years, it would behoove you to implement a Florida car insurance plan review. If your insurance plan is new, you are likely to meet current guidelines. If you have had your plan for a while it just might be time for that to review your current plan for car insurance in FL.
Requirements For A Florida
Car Insurance Plan Review
Once you have determined that a company is licensed to do business in Florida, you want to address the minimum requirements of the state. The companies who are licensed in Florida should be aware of the minimum requirements and give you some guidance, especially if you are new to Florida and don’t really know what those requirements are.
One thing that most of us don’t do is call, nor do we go online, to look at the Department of Highway Safety of Motor Vehicles site. The closest we come to acquiring that information is (DMV) Department of Motor Vehicles, where we register our cars and other automobiles. Florida’s Department of Highway Safety of Motor Vehicles requires drivers to carry:
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$10,000 – (PIP) Personal Injury Protection
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$10,000 – (PDL) Personal Damage Liability
Personal Injury Protection pays for the insured and medical expenses associated with an accident up to the policy limit. Personal Damage Liability covers damages that involve the insured vehicle whether the insured driver is driving the vehicle or not. So if another individual is driving your car and hits another car or fire hydrant, PDL covers that expense.
Factors Of Your Florida
Auto Insurance Plan Review
Just because there is a minimum requirement, doesn’t mean there aren’t other components to consider.
Florida is a state that does not require uninsured motorist fees. If you are hit by a driver your PIP will cover your expenses. Florida is a no-fault state therefore, if a an uninsured driver hits you then your personal injuries are covered by your insurance plan; however, your car is not.
Florida Car Insurance Plan
Review Coverage Options
If you are like most people, you want to make sure you can fix your car once you know that your own medical expenses will be paid up to $10,000. That may not even be enough for you.
You certainly can increase the amount of coverage you want for yourself. Collision coverage is something you need to have on your own car in the event of an accident with another car or object such as a fire hydrant or telephone pole.
Let’s face another fact to be considered in your Florida Plan Review. Florida is a hurricane state, and a metropolitan area where there are many risks. Comprehensive insurance is almost a must have whether your car is being financed or not. No one is going to protect your investment, but you in this case. Comprehensive insurance protects you in the event of theft, fire, or vandalism to your vehicle.
Florida Auto Insurance Plan
Review And The Other Driver
Florida is a state that enforces Financial Responsibility. The Financial Responsibility law states that the Florida drivers have to prove that they are financially able to take responsibility should they damage someone else’s vehicle, or cause the injury or death to another person in a collision. Therefore your auto insurance plan should have a minimum of:
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$10,000 for bodily injury or death to one person per incident
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$20,000 for bodily injury or death to two or more persons per incident
This mandatory coverage is referred to as (BIL) Bodily Injury Liability. Hence, you have to consider the other guy in your Florida Car Insurance Plan Review.
A Florida Plan Review Insures
Your Protection At All Times
It’s a good idea to check your insurance policy from time to time to make sure you are in compliance with the most recent laws. Some insurance companies took the liberty and initiative to protect their policy holders by automatically adding (PIP) Personal Injury Protection with out any additional cost when the new law became effective January 1, 2008.
Did your insurance company take that initiative? Have you had your policy for a while? Does it need updating?
Click on the quote tool at the top of this page to compare quotes from multiple companies and help you get answers to these questions and implement your own Florida car insurance plan review.