A car insurance purchase is a requirement for every driver. Your insurance is meant to protect the insured and the insured’s vehicle, as well as protect against theft, vandalism, and other unforeseen risks. Because Florida is a no-fault state, an individual’s insurance is not meant to be the first line of defense for a third party, although many situations may merit a lawsuit.
A car insurance policy doesn’t fall into the “luxury” category. If you want to operate a motor vehicle in the state of Florida, car insurance is a must. Because there is no way to avoid this expense, many drivers are interested in finding the best deal possible. Here are the types of insurance available to you when determining the scope of your car insurance purchase.
- Liability coverage: This type of coverage is legally required when driving or making your car insurance purchase. Liability coverage helps a motorist cover any injuries and property damage another party sustained due to the accident.
- Collision insurance: This type of coverage will allow you to fix any damage that occurs when you have been in a car accident with another vehicle. Collision coverage will either repair your vehicle or, if warranted, replace it entirely.
- Comprehensive insurance: This type of coverage helps to reimburse for damages due to vandalism or accidents involving animals on the road.
- Personal injury protection (PIP) insurance: This type of auto insurance may cover medical costs and expenses that result from an accident.
Whether you are making your first car insurance purchase or you’ve been driving for years, this 7 point checklist should come in handy to assist in the process.
- Type of Coverage: The driver will need to decide which car insurance is appropriate for their situation. This decision will be affected by the age and value of your car, your driving habits, and how much coverage you’d like to have to cover you in the event of an accident. A professional insurance broker can be a great asset in this decision process.
- Choose your Provider: Many people choose to research and compare various insurance companies online. This is a fast and easy way to compare rates and coverage options. However, if you have a complex situation or can’t seem to find affordable insurance, speaking with a local insurance professional may be a smarter alternative.
- Research the Claims Process: you’ll ant to ensure that the insurance provider you opt to go with has an advantageous claim settlement ratio according to the market; as well as a claims process that is easy and hassle-free.
- Read the Fine Print: Make sure you read and understand all the exclusions written into your insurance coverage. Sometimes, the insurance company does not clearly outline the exclusions. This can lead to confusion and anger when it comes time to file a claim. Your insurance agent can help to explain your policy in this regard.
- Understand the Resource Network: Be sure to go with a car insurance provider with a network of garages across the state or country if you travel often. There is no telling when an accident could occur, and you don’t want to be caught out-of-town and miles from an approved mechanic.
- Check Out the Extras: Make sure the insurance policy you choose offers a diverse variety of “extras”. These add-ons provide maximum protection for items or events not directly mentioned in your auto insurance coverage.
- Understand the IDV: The insured declared value (IDV) of your vehicle will determine your premium.
Anderson & Associates Insurance Group is an experienced team of insurance professionals based in Palmetto, Florida. If you need advice or guidance in regards to any insurance needs, call us today.
