What Does Auto Insurance Cover?

Your auto insurance policy may help provide crucial financial protection if you are in an accident or if your car is damaged in a covered incident. Your coverage depends on the policies and endorsements you choose, so it’s essential to work closely with your agent to determine which coverages and policy limits meet your needs.

Contact Cathy Boyd’s Insurance Services in Haines City, Florida, to learn more about your auto insurance options.

Understanding Your Car Insurance Coverage

Many states mandate liability insurance as part of the auto registration process. Florida drivers must carry minimum liability coverage to help cover third-party claims for property damage after an at-fault accident.

Florida also requires personal injury protection (PIP) coverage to help pay for accident-related injuries for you and your passengers. This insurance may help cover accident-related medical expenses and partial wage replacement for you and the people in your household no matter who caused the accident.

Florida is a no-fault state, meaning your insurance coverage pays for accident-related economic losses and medical bills. The state limits lawsuits for certain noneconomic losses after a car accident, except in cases where injuries are classified as serious by state laws. Your agent may recommend purchasing uninsured/underinsured motorist coverage, which may help cover high medical costs if the at-fault driver has inadequate or no coverage.

If you have an auto loan or lease, your lienholder may require full coverage insurance, including comprehensive and collision coverage. This policy may help pay to repair or replace your vehicle after a covered accident or incident. The lienholder may also require guaranteed asset protection (GAP) coverage to help cover the “gap” between the total amount you owe on a lease or loan and the insurer’s settlement if your vehicle is a total loss after a covered accident.

How to Get Florida Auto Insurance

Contact Cathy Boyd’s Insurance Services today to get personalized quotes for Florida auto insurance.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.