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What Auto Insurance do you need in Florida?

Personal Injury Protection

Personal injury protection or PIP is required for every policy holder in the State of Florida. If a policy holder is involved in an accident, PIP covers 80% of their medical costs and 60% of their lost wages. PIP is also referred to as “no-fault coverage” because the policy holder is entitled to benefits whether or not the car accident is their fault. In most cases, PIP also covers the policy holders spouse and the relatives living in your household. You are required to have at least $10,000 in PIP coverage. Some policies that go above the minimum amount of coverage are available as well.

Medical Payments (“Medpay”)

Medpay covers the other 20% of medical bills that are not covered by a policy holders PIP coverage. Medpay also covers medical bills greater than $10,000. If a policy holder chooses to purchase it as extra coverage. The amount of Medpay per holder varies according to their preference. My policy holders that also have health insurance find that Medpay in not necessary. It is important for policy holders to check with their health insurance agent before making the decision whether to purchase Medpay or not.

Property Damage

Property damage insurance or PD covers any damage that occurs to another person’s vehicle when a policy holder is at fault in an accident. This coverage is mandatory in the state of Florida. Levels of coverage can be seen to vary from company to company.

Collision

Collison insurance may not be auto insurance you need, but it is a form of insurance that many motorists want. Collision insurance covers damage that occurs to a policy holder’s vehicle that results from any accident. This form of insurance covers the cost of repair to your vehicle regardless of whose fault the accident was. Collision insurance is optional. It is common for the coverage to come with a $500 deductible.

Bodily Injury

Bodily injury insurance covers the pain and suffering sustained by another person that is involved in an accident with the policy holder when the accident is the policy holders fault. Bodily injury is optional in the state of Florida. Many policy holders purchase this type of insurance as a way to protect their assets in case they are ever at fault in a car accident. Different levels of this coverage are available.

Uninsured Motorist

Uninsured motorist insurance covers pain and suffering if you are hurt by the fault of another driver and that driver does not have enough coverage or any coverage at all to cover the extent of your injuries. In some cases, UM insurance may extend to the policy holders spouse, household relatives, or passengers in the car. It is common for policy holders to purchase UM coverage at the same level as their bodily injury insurance.

Seeking Help with Your Insurance after an Accident

Getting the auto insurance you need is only the first step to receiving the benefits you need. After being in an accident, many people have difficulty dealing with doctors, insurance companies and vehicle problems that result. The added stress can compound the stressful impact of being involved in a car accident. An attorney that has experience with insurance companies, doctors, and repair people can help to minimize the trauma and get the policy hold the benefits that they are entitled to. It is a sad but true reality that insurance companies have much to gain by trying to limit your benefits as much as possible. Insurance companies are very large and have vast resource that help them do this. An experienced attorney can help to make sure the insurance company provides you with the benefits that you are entitled to.