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How To Policy Your Mocetor Vehicle With Injury Insuran

Also known as no-fault insurance, personal injury protection or “PIP” insurance is a mandated liability insurance by the state of Florida. PIP covers your medical bills if you are involved in a car accident. The term PIP is used as it is commonly referred to in Florida and is short for Personal Injury Protection.

The purpose of Personal Injury Protection in Florida is to cover the medical expenses of you and your passengers in the event of a car accident. The amount of coverage is not fixed and is determined by Florida statute. What is required is that you have either Personal Injury Protection Coverage or Full Coverage on your car insurance policy.

Personal Injury ProtectionComprehensive and Collision Coverage are not required by the state of Florida but are often required by the lender if you are making payments on the vehicle to be covered. Comprehensive Coverage protects your vehicle from damage sustained from a variety of causes except collision. Someone may say that since your car is not financed or leased, you have to carry full coverage even though it is not required by the state of Florida. What is the point of having full coverage if you cannot afford it?

If you have a vehicle that is being financed or leased, full coverage insurance is required on the vehicle. This is the reason why full coverage premiums are higher on newer vehicles. These types of vehicles are often higher risk for the insurance companies and thus have higher requirements for coverage. Full coverage is needed on vehicles that are leased or financed.

Collision Coverage is another requirement that is different for each state. For collision coverage to be in force, a person must have comprehensive and collision coverage on the vehicle. If not, the state of Florida will not enforce the coverage on any vehicle that you drive.

Not all is lost. If you do not have coverage on a vehicle that you are driving, it is time to get that vehicle insured. You can do so by purchasing a policy from an insurance company.

The first thing you need to determine is the type of coverage that you need. Policies vary, but there are many types. Liability is often the most important type of coverage. This coverage protects your passengers if the vehicle that you are driving is involved in an accident. It also provides compensation for damages that were caused to the vehicle.

Also, consider the amount of your deductible. This is the amount that you will be required to pay before the insurance company kicks in. No matter how expensive your vehicle is, you probably will not want to pay a $1,000 deductible. Many times, the value of a vehicle depreciates quickly. If your vehicle is being financed, be sure that you have full coverage if you want to protect the lender. Otherwise, you would not want to risk losing the vehicle and paying a large deductible in the event that it is totaled.

Once you have determined the types of coverage that you want, it is time to choose an insurance company. Once you have different types of coverage and you also have determined the amount of your deductible, it should not be difficult to find the insurance company that offers the best rates on the types of coverage that you need. The best way to do this is by searching on the Internet. A person can easily comparison shop for the best possible rates.

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