When it comes to auto insurance, there are a lot of choices to make. You must decide what type of coverage you need, how much coverage you need, and what company you want to work with. With so many options available, it can be difficult to know which policy is right for you. In this article, we will outline the types of insurance coverage available in Florida, and help you choose the right policy for your needs.
What is auto insurance and why do you need it?
In Florida, there are two mandatory types of insurance coverage: personal injury protection (PIP) and property damage liability (PDL). Personal injury protection covers your medical expenses and lost wages if you are injured in an accident, regardless of who is at fault. Property damage liability covers the repairs or replacement of the other driver’s vehicle if you are found at fault in an accident.
You are required to carry both types of coverage, but it is important to understand the difference between them. If you only have PIP coverage, you will be responsible for paying your own medical expenses and lost wages if you are injured in an accident. If you only have PDL coverage, you will be responsible for paying to repair or replace the other driver’s vehicle if you are found at fault in an accident.
The types of auto insurance coverage available in Florida.
There are several types of insurance coverage available in Florida, including:
1. Personal injury protection (PIP) – This coverage covers your medical expenses and lost wages if you are injured in an accident, regardless of who is at fault.
2. Property damage liability (PDL) – This coverage covers the repairs or replacement of the other driver’s vehicle if you are found at fault in an accident.
3. Bodily injury liability (BIL) – This coverage covers the medical expenses and lost wages of the other driver if you are found at fault in an accident.
4. Uninsured/underinsured motorist (UM/UIM) – This coverage protects you if you are involved in an accident with a driver who does not have insurance or does not have enough insurance to cover the damages.
5. Collision – This coverage pays for the repairs to your vehicle if it is damaged in an accident, regardless of who is at fault.
6. Comprehensive – This coverage pays for the repairs or replacement of your vehicle if it is damaged by something other than an accident, such as a fire, theft, or vandalism.
You are not required to carry all these types of coverage, but you should consider them when choosing a policy. The amount of coverage you need will depend on several factors, including the value of your vehicle and your personal financial situation.
How to choose the right policy for your needs.
When it comes to insurance, there are a lot of choices to make. You must decide what type of coverage you need, how much coverage you need, and what company you want to work with. With so many options available, it can be difficult to know which policy is right for you. In this article, we will outline several types of insurance coverage available in Florida, and help you choose the right policy for your needs.
Tips for saving money on your auto insurance policy.
Auto insurance can be expensive, but there are a few things you can do to reduce the cost. Here are a few tips for saving money on your insurance policy:
1. Shop around – Don’t just accept the first policy you come across. Shop around and compare rates from several different companies.
2. Increase your deductible – A higher deductible will lower your premium, but make sure you can afford to pay the deductible if you have an accident.
3. Take advantage of discounts – Many companies offer discounts for things like good driving history, low mileage, and safety features.
4. Drive safely – The best way to save money on your insurance is to avoid accidents and traffic violations.
5. Review your policy regularly – Make sure you are still getting the best rate by reviewing your policy on a regular basis.
When it comes to insurance, there is no one-size-fits-all solution. The type and amount of coverage you need will depend on several factors, including the value of your vehicle, your driving history, and your personal financial situation.
How to file a claim with your insurance company.
If you are involved in an accident, it is important to know how to file a claim with your insurance company. Here are the steps to take:
1. Notify your insurance company as soon as possible – Call the insurance company right away and report the accident. Be sure to have the policy number and contact information for the other driver(s) involved.
2. Gather evidence – Take pictures of the damage to your vehicle and get a police report if possible. This will help support your claim.
3. Submit a claim form – Your insurance company will provide you with a claim form to fill out and return. Be sure to include all relevant information, such as the date and time of the accident, the location, and the names and contact information for any witnesses.
4. Keep track of your expenses – If you must pay for any repairs or medical bills out of pocket, be sure to keep all receipts and documentation. You may be reimbursed for these expenses later.
5. Stay in communication with your insurance company – Keep the lines of communication open with your insurance company throughout the claims process. Return their calls promptly and keep them updated on any changes in your situation.
Filing a claim with your insurance company can be a hassle, but it is important to do if you are involved in an accident. By following these steps, you can make the process as smooth and stress-free as possible.
Finally
If you want to discuss options for auto insurance, please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:00 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.
