Automobile

automobile insurance

Personal Automobile Insurance

Personal auto insurance covers private passenger automobile. This insurance provides protection against economic loss to an insured from bodily injury or property damage to others (liability) arising from the operation, maintenance, or use of a covered automobile.

Coverage may also be purchased for damage to vehicles owned by you (Collision & Other than Collision).

These are the most common coverage available in Florida:

Bodily Injury Liability Coverage (BI): it pays for death or serious and permanent injury to others when you are legally liable for those damages. If an insured is sued, the insurer will provide legal representation.

Property Damage Liability Coverage (PD): It pays for damage that you, or members of your family, cause to another person’s property while driving. This is including loss of use. If an insured is sued, the insurer will provide legal representation. Florida law requires a minimum of $10,000 in this PD coverage.

Personal Injury Protection Coverage (PIP): This protection is required to be purchased by all owners of motor vehicles registered in The State of Florida. PIP coverage makes the individual responsible for their own injuries in an accident regardless of fault. It pays 80 percent of all necessary and reasonable medical expenses incurred as a result of a covered injury, regardless of who caused the accident. This includes medically necessary surgical, x-ray, dental, and rehabilitative services, including prosthetic devices and medically necessary ambulance, hospital, and nursing services. PIP also pays 60 percent of work loss and a $5,000 death benefit.

If the accident occurs in Florida, PIP covers you, relatives who live in your home, certain passengers who do not own a vehicle, and others who drive your car with your permission. Pedestrians and bicyclists are also covered if they are Florida residents. PIP coverage also provides coverage for acts of violence against the policyholder while driving.

If the accident occurs outside Florida but inside the U.S. or Canada, PIP covers you and relatives who live in your home. In this case, you must be driving your own vehicle. Any other people than you or your relatives are not covered.

Uninsured Motorist Coverage (UM): It pays for an accidental bodily injury, sickness, or disease, including death, when such an injury is the result of an automobile accident and the “other” party does not have Bodily Injury Coverage (BI) or has liability limits lower than what is needed. This protection applies whether you are riding in your car, riding in someone else’s car or are struck by a car as a pedestrian. UM insurance also applies in a hit-and-run situation or a “phantom” vehicle accident.

Medical Payments Coverage: It pays medical expenses, beyond those covered by PIP, that result from accidental injury. Medical payments insurance differs from bodily injury liability coverage in that it covers the medical expenses of you, members of your family and your passengers regardless of who is “at fault.” Medical payment insurance applies whether the injury occurs in your car or someone else’s car, or on the street as a pedestrian.

Comprehensive also known as “Other than Collision Coverage”: It pays for damage to a vehicle from incidents other than a collision including fire, theft, windstorm, vandalism or flood. It also covers damages caused by falling objects or from hitting an animal. If you have comprehensive coverage, windshield replacement is the only claim that is not included in the deductible. Florida law requires this waiver to encourage drivers to immediately replace damaged windshields.

Collision Coverage: It pays for repairs to your car if it collides with another vehicle, crashes into an object or turns over regardless of who causes the accident. Collision insurance does not cover injuries to people or damage to the other’s properties.

Towing and Labor Coverage: It provides coverage for emergency road service and towing up to the limits shown on the policy.

Rental Auto Reimbursement: It provides reimbursement for automobile rental up to a specified limit shown on the policy. It applies if the insured gets into an accident with their own automobile and can no longer drive it or if the auto is stolen.

Commercial Auto Insurance

truck insurance

Commercial auto insurance protects your company vehicle, your employees, and other assets that come along with business ownership. It provides protection to companies from financial losses if their company vehicle causes injury or property damage during an accident. This insurance is issues to protect your business and provide high limits of accountability and many other financial benefits to help fight claims in court.

Commercial vehicles include semi-truck or tractor trailer rig, small and medium trucks, pick ups, vans, buses, taxis, trailers, and coaches.

The State of Florida requires a minimum amount of insurance coverage when you register a commercial auto. These are the minimum requirements for a Florida commercial auto:

Personal Injury Protection Coverage (PIP): Florida is a no fault state and requires you to carry PIP of $10,000.

Property Damage Liability Coverage (PD): It covers at least $10,000. It pays for damage you cause with your Florida commercial auto. Pays for damage to another auto or other property.

Bodily Injury Liability Coverage (BI): It covers injuries you cause to others and also pays legal expenses to defend your business in the event of a lawsuit due to these injuries. This limit is typically high, as a business can be easily target for a lawsuit. In the State of Florida you are responsible for paying for the injuries you cause to the other party.

Medical Payments Coverage: It pays for any injuries that relate to your Florida commercial auto with no deductibles or copayments.

Uninsured Motorist Coverage (UM): It pays for medical expenses for people in your commercial auto. UM will be coverage you against drivers that do not carry insurance or that they do not have enough insurance to pay for your medical expenses and lost wages.

Comprehensive also known as “Other than Collision Coverage”: It pays for damage to a vehicle from incidents other than a collision including fire, theft, windstorm, vandalism or flood. It also covers damages caused by falling objects or from hitting an animal. If you have comprehensive coverage, windshield replacement is the only claim that is not included in the deductible. Florida law requires this waiver to encourage drivers to immediately replace damaged windshields.

Collision Coverage: It pays for repairs to your car if it collides with another vehicle, crashes into an object or turns over regardless of who causes the accident. Collision insurance does not cover injuries to people or damage to the other’s properties.

Rental Auto Reimbursement: It pays for a rental auto while repairs are being made in your commercial auto.

Towing and Labor Coverage: It provides coverage for emergency road service, towing up, breakdown assistance, or locksmith to the limits shown on the policy.