The Laws That Florida Car Insurance Companies Must Abide By
Drivers in the state of Florida are required to have insurance
. Knowing what the minimum requirements for insurance are can help you find coverage that fits your budget. Online insurance comparison sites can help you find numerous Florida car insurance companies that can provide the right policy for you specific needs.
Every Florida motorist is required to have liability coverage for their automobile. This covers any damages to any vehicle that is involved in an accident with the insured driver, but not the insured individual or his or her car. This must include ten thousand dollars of coverage for medical expenses for any bodily harm that is caused to the other driver. This is assuming that there is one person within the vehicle when the insured's automobile collides with it.
There must be additional insurance in the amount of twenty thousand dollars to cover the expenses of any bodily harm if there is more than one individual in the car that the insured is involved in an accident with. $10,000 dollars must also be included to cover the damages done to the car.
Uninsured or Underinsured driver coverage is not a Florida state law requirement. The state of Florida does require however that all insurers make this coverage available. In the event that a Florida motorist opts out of having this additional insurance, the insurer is required to include a declaration page stating that you have chosen not to carry this.
With liability insurance there is relatively little protection for the insured. All expenses for the insured, if the insured is at fault, will be paid for out of pocket by the insured. In certain instances this can create huge amounts of debt and keep the driver off the road for a indetermined amount of time. Liability only offers the driver security enough to drive his car within the legal state requirements. This means that upgrading liability insurance will ultimately save the driver in the long run.
Choosing to cover your vehicle with only the required amount of insurance is solid protection for you, but offers little or no protection for your vehicle. By opting to pay a slightly higher premium you can provide security for your transportation and ultimately protect your investment in your car. Online research can help you browse some of the discounts and rewards offered to specific driver profiles through various Florida insurance companies. This will help you locate a cost effective policy that can get you legally on the road, and help keep you there.