If you own a motor vehicle in Florida, you are required to carry a minimum of $10,000.00 in Personal Injury Protection Coverage and $10,000.00 in Property Damage Liability Coverage. There are currently no other automobile insurance coverage requirements that will protect you in the event you are involved in a motor vehicle collision, however, there are a number of other coverages that you may...
read more? In addition to your own automobile insurance, you have the option of purchasing GAP insurance when you take out a loan for a vehicle. GAP stands for Guaranteed Asset Protection. GAP insurance may protect you in the event of an auto accident. This insurance pays the difference, or the “gap,” between the balance of a lease or loan due on a vehicle and what an insurance company pays if the...
read more? Collision coverage with your insurance company pays for repair or replacement of your vehicle if it is involved in an accident. It will pay regardless of who causes the accident. It does not cover injuries to people or damage to property other than your vehicle. Generally, you will have a deductible for this coverage, requiring you to personally pay for the initial expenses, subject to the...
read more? Comprehensive coverage with your insurance company pays for losses from incidents other than a collision such as a fire, theft, flooding, vandalism, or storm damage. Many insurance policies have deductibles for this coverage, meaning you will be responsible for the initial cost of the loss up to the amount of the deductible you have chosen.
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read more? Property Damage coverage pays for certain automobile damage that the other at fault driver causes to your vehicle.
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read more? Uninsured/Underinsured Motorist Protection provides coverage to protect you and your family. It provides payment for remaining medical expenses and lost wages that you may have, payment for bodily injury, pain and suffering, loss of enjoyment of life, disability, and other non-economic damages that have been incurred as a result of the negligence of another person who lacks bodily injury...
read more? Personal Injury Protection (PIP) coverage with your own insurance company will pay for your injuries whether or not you cause the accident, up to the policy limits and only for specific economic losses. Under most policies, this coverage will apply towards reasonable and necessary medical expenses and lost wages. However, once the limits of coverage have been reached, you are responsible for...
read more? Bodily injury coverage will compensate for an injury to your body or death when the other driver in a vehicle accident is found to be at fault. Regardless of the extent of the injuries, the insurance company of the at-fault party will still only pay up to the limits of liability provided in its policy. For example, if the BI limits are $35,000/$60,000 the insurance company would only pay for...
read more? https://youtu.be/EnKRcZvgKw8 Just like when buying a new car, the best thing you can do is arm yourself with knowledge. The internet is your best resource.
Kelly Blue Book and
NADA are the standards in the industry to find the actual cash value (ACV) of your car. Check out the classified advertisements in your local newspapers, search websites like
Craigslist, and check with the car...
read more? Your car is considered totaled if the damages are not repairable or if price of the repairs will cost more than the actual value of the vehicle. Do your homework. Check the internet (such as Kelley Blue Book) or NADA for the actual cash value (ACV) of your car, check out the classified advertisements in your local newspapers, and check with the car dealerships in your area. Look for the prices...
read more? When a person is injured in a car accident due to the actions of a drunk driver, the injured person is allowed to seek punitive damages, in addition to compensatory damages, from the drunk driver. Compensatory damages are meant to compensate the injured party for their injuries and include medical bills, lost wages, pain and suffering, etc. Punitive damages, on the other hand, are meant solely...
read more? Figuring out who is at fault in an accident is a matter of deciding who was careless. For traffic accidents, State traffic laws provide guidelines by which liability may be measured. These rules apply not only to automobiles but also to motorcycles, bicycles and pedestrians. In some cases, a driver may be liable for an accident even if he/she was obeying, for example, the posted speed limit, if...
read more? A claim for injuries sustained in an automobile accident is usually based upon carelessness or negligence. In worse case scenarios, it is based on an intentional or reckless act. The two categories of issues that typically arise in a tort claim after an automobile accident are the following:
Liability – who is at fault and to what degree
Damages – injuries or losses caused by the accident
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read more? If you have been injured, you will likely have medical bills from physicians, hospitals, physical therapists, and other health care providers. Those bills will be in your name and will typically be sent to your address. You are primarily responsible for paying your bills, regardless of the cause of your injuries. The at-fault person’s liability insurance carrier will be responsible for paying...
read more? Wrongful death lawsuits allege that the death of a loved one occurred as a direct result of negligence or wrongful conduct of another. Wrongful death suits aim to hold the responsible party accountable for the victim’s death. The victim’s family members or beneficiaries may be entitled to financial compensation as a result of the defendant’s negligence. Although monetary compensation...
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