The insurance agency you team up with matters when it comes to the financial protection you put on your car. You shouldn’t have to settle for just any provider with limited options. D’Amico & Associates is here to help you determine the best coverage and why it matters who you have on your side.
What to Look for in Your Auto Policy
Nearly every state has minimum requirements for insurance. The most common type of coverage you must have is a liability – for protection when it comes to both PIP (Personal Injury Protection) and PDL (Property Damage Liability). In the state of Florida, the minimums are as follows and can also be found at Florida Highway Safety and Motor Vehicles department:
“Any vehicle with a current Florida registration must:
- Be insured with PIP and PDL insurance at the time of vehicle registration.
- Have a minimum of $10,000 in PIP AND a minimum of $10,000 in PDL. Vehicles registered as taxis must carry bodily injury liability (BIL) coverage of $125,000 per person, $250,000 per occurrence, and $50,000 for (PDL) coverage.
- purchase the policy from an insurance carrier licensed to do business in Florida. (If you are new to the state, you may ask your agent to transfer your current insurance to a Florida policy.)
- maintain Florida insurance coverage continuously throughout the registration period regardless of the vehicle’s location.”
If a policyholder is at fault for an accident, the provider will pay for the policy holder’s and opposing driver’s repair bills under the property damage liability. Personal injury protection covers medical expenses for the policyholder, no matter which driver is at fault. Although there are minimum requirements set forth by each state, you may find yourself underinsured in the event of an accident.
An auto policy should fit the consumer based on their personal needs and life goals. Considerations that must be accounted for include the value of the vehicle, health insurance deductibles, and the amount of assets available in the event that damages exceed the policy limits.
Some additional types of insurance that help mitigate risk include:
• Comprehensive Coverage - coverage for damage caused by an event other than a collision.
• Medical Payments Coverage - covers other medical expenses for any passenger.
• Gap Insurance - covers the amount of the vehicle lien that may not be covered by insurance if the vehicle is totaled. Gap coverage is usually secured when purchasing the vehicle but can be purchased afterward.
Your car insurance may meet minimum state or lender requirements, but driving with inadequate coverage is a disaster waiting to happen!
Experience the Difference
D’Amico & Associates has been insuring our local community for over 20 years. Our dedicated agents are always here to assist you in securing a policy to protect you and your possessions. As a broker, we can shop for the most competitive rates for you!
We’ve successfully served hundreds of customers and strive to handle each policy as it were our own. Shopping for insurance can be difficult, but our staff works with you and for you! Contact one of our experts today to learn more about our comprehensive and affordable rates.