The personal automobile insurance policy in the State of Florida contains some different types of coverage. It is very important for the consumer to fully appreciate and understand the different types of coverage afforded in the State of Florida.
The following is a brief description of the basic coverage:
- Personal Injury: Personal Injury Protection is a coverage which covers payment for the injured parties, lost wages and medical expenses incurred as a result of an automobile accident.
- Liability Coverage: This coverage protects insured’s from legal liability for physical injury and property damage sustained by others as an end result of the carelessness of an insured.
- Medical Payments Coverage: Unlike personal injury protection, which is a statutorily necessary coverage, a medical payment is a voluntary coverage. The basic purpose of medical payments coverage is to add-on personal injury protection benefits to ensure that an insured’s medical expenses are paid in full up to the degree of the coverage afforded.
- Uninsured Motorist Coverage: Uninsured motorist coverage, which is commonly referred to as uninsured motorist coverage, is arguably the most significant voluntary coverage that is accessible in the State of Florida nowadays. Because of the growing percentage of uninsured motorists who are driving on the highways of Florida these days, uninsured motorist coverage is usually considered to be important to those persons who are seeking to be “fully covered”.
- Additional Coverage: The insurance company in the State of Florida provides additional voluntary coverage. Physical damage coverage is a kind of coverage, which by its terms, gives benefits to the insured for physical damage to a car owned by the insured. The benefits are usually payable despite of fault. Finally, most insurance companies present coverage which will reimburse an insured for towing expenses, and rental car expenses in the event of an accident which renders the insured’s vehicle inoperable.