A question you might
ask yourself is: why must we carry auto insurance? Hopefully
one answer you should hear is to protect yourself and
your car. For those same reasons the government also
requires you to have car insurance.
The state of Florida requires you to carry at least
the minimum requirements, which is property damage at
ten thousand dollars and personal injury protection
at ten thousand dollars. Property damage covers another
person's vehicle if you are at fault in an accident.
Personal injury protection covers 80 percent of medical
expenses and 60 percent of loss wages as well as up
to a five thousand dollar death benefit for you and
your relatives (that reside with you), minus the deductible
if it applies. This coverage would protect you in case
there is any damage to other vehicles and gives you
medical coverage for yourself.
There are many different types of auto insurance coverage
to choose from, depending on what you want covered and
what you can afford. Where should you get started?
First you should ask yourself if you have enough coverage
in case of an incident occurring. Besides the minimum
requirement coverage previously mentioned, there is
another type of coverage that is very important, bodily
injury.
Bodily injury coverage is not required by the state
of Florida until you get into an auto accident. This
would cover you if you were at fault in an accident
and the person in the other vehicle suffered injuries
exceeding their personal injury coverage. If you did
not have this coverage the other party has the right
to sue and the state may place a financial responsibility
on your motor vehicle report, which you would have to
carry for 3 years. That financial responsibility is
called an SR22.
Uninsured motorist is another coverage you may want
to consider. Uninsured motorist covers you if the other
party was at fault and you were injured (exceeding your
personal injury coverage) and they did not have bodily
injury coverage. You may use this coverage to cover
the difference of your injuries.
Where does you car fit for injury theft and collision?
What about your dream car? Take a look at this run down
based on 2000-2002 HLDI data:
There are two more very important types of coverage
that you might want to explore they are: comprehensive
and collision.
Comprehensive coverage would cover your vehicle in
the event of fire, theft, vandalism, hail storm damage
or any natural causes minus the deductible you agreed
upon when purchasing your insurance.
Collision coverage would cover physical damage to your
vehicle, if you were at fault in the accident, minus
the deductible. The insurance company would pay the
actual cash value of your vehicle. If your vehicle is
financed comprehensive and collision coverage are possibly
are required by your lending institution.
Extra medical payment coverage can also be provided
if you are interested and the list goes on. All types
of coverage are important but the reality of it is,
what we can afford? Keep in mind your life and your
family is very important so having insurance should
be one of your main priorities.
With the web easily accessible you have a vast amount
of knowledge at your fingertips to help you choose the
best coverage for you and your lifestyle. Life is too
short, get good advice and get the right insurance coverage
for you and your family.
Visit the Learning Center at http://www.carinsurance.com
to learn more about auto insurance and to get a free
auto insurance quote.
Belinda Ramos is a representative of CarInsurance.com.
You can visit CarInsurance.com at http://www.carinsurance.com
or contact them at 1-877-327-8728.
CarInsurance.com's online insurance marketplace gives
an opportunity to consumers and to insurance companies.
We offer the ability to shop for car insurance online.
Consumers can receive quotes from many insurance companies,
in some states you are able to purchase your insurance
instantly, online. You don't have to drive your car
to buy car insurance. Buy online... anytime!
|
Useful Tips On Buying Used Vehicles
