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There are a wide range of areas that can be protected under an auto insurance policy to protect you. The policy that is common and mostly required by state law is liability. A liability policy covers bodily injury and property damage. Payment is paid to victim but only paid by the insurance company of the individual who has been declared to have caused the accident.



Liability coverage is divided into three amounts; known as 25/50/10. This set of numbers is the minimum dollar amounts required:

First number: 25 represents the thousands of dollars covered for bodily injury for one victim in the accident.

Second number: 50 stands for total maximum coverage for two or more victims injured.

Third number: 10 is most of the time smaller than the others because it pertains to only property damage; may it be vehicular, landscaping, fencing, housing damage, or others.

NOTE: Liability only pays the victim when the insured person is the one at fault. In other words if you cause an accident, are at fault, are insured, are hurt you will not receive compensation from your own liability coverage.

Liability is to pay on your behalf to a third party.

Collision and Comprehensive

Collision coverage covers damage to your car if you are found at fault in an accident. Collision coverage is optional but it is sometimes mandatory to carry if your car is car leased, and can be mandated by banks to have for new vehicles that are financed.

NOTE: Collision will cover damage to your car, regardless of who is at fault. Though, it is optional, it is worth considering.

Comprehensive coverage is optional as well. Vehicles that are financed, leased, or not owed at right are usual mandated to be covered under this policy. Comprehensive coverage protects your vehicle from numerous potential hazards such as: theft, vandalism, fire, and many more.

Collision provides insurance from damages cause by another vehicle or damages cause by a collision not necessary due to you colliding to another vehicle. You might collide with a pole, etc… Comprehensive provides insurance from all other types of incidents but NOT collision.

Uninsured/Underinsured Motorist Coverage

Though, the state of Florida does not require this type of coverage; it is recommended and worth considering as well. Uninsured and underinsured are typically sold combined together; but they can sometimes be purchased separately. Though all states require auto insurance; not everyone abides by the law. As a consequence, you do run the risk of being struck by an uninsured and underinsured driver, leaving you will all expenses associated with the accident may it be bodily injury, or damage to your vehicle if you do not have insurance to cover these incidents.

Uninsured and underinsured coverage usual covers you and the passengers in your car. There is also an uninsured and underinsured motorist property damage coverage option to cover damages to your vehicle.

Personal Injury Protection and Medical Coverage

Personal Injury Protection (PIP) is MANDATORY to carry in the State of Florida to cover your own medical damages if an accident does occur.

Medical Payments Policy protects you if are hit by a vehicle while in a car or on foot.

This coverage pays for:

•Medical and or hospital expenses

•Earnings compensation for lost work time

Accidental Death and Dismemberment is an optional coverage that can be purchased as an add- on.

Additional Auto Insurance Options

Owners of leased and financed vehicles are many times given the option to purchase Loan or Lease Gap insurance.

NOTE: To obtain this coverage, you must carry collision and comprehensive insurance. The value of vehicles decreases very quickly. This can be an extreme burden if your leased or financed auto is damaged while you are still making payments.

If your vehicle becomes a total loss while you are still making payments and you do not have Loan or Lease Gap insurance, most of the time you will find out that your insurance policy will not pay out enough to cover the balance you still owe on the care. Basically, you will continue to make payments for a car you no longer have.

Loan or Lease Gap insurance reduces your loss in this type of circumstance.

Commercial Truck Insurance

Commercial insurance is so vital and critical because trucks can cause so much damage to other cars on the road. They are big, and they can cause a whole host of problems for other cars out driving on the road. They can overrun cars, knock down barriers, and crash other cars into each other. They are the most dangerous vehicles on the road.

Types of Insurance Coverage (This list is not comprehensive)

Insurance coverage can range from $35,000 to $1,000,000

Primary Liability Coverage Ensures that the truck is protected from damage or injuries to other people a result of an accident that is your fault.

Motor Truck Cargo Insurance Guards the transporter from his responsibility in the situation where there is damaged or misplaced freight. The policy is purchased in tow with a maximum load limit on each truck.

Coverage typically ranges from $10,000 to $100,000 or even more. Pricing for this insurance is typically based on the type of cargo that is being hauled.

Leased Operator Insurance One of the most types of insurance to obtain for your truck. As an owner-operator of your truck, your insurance needs are multi-faceted. You have to guard your livelihood and your machinery. If you are leased with a motor carrier, your coverage should be determined based on the lease agreement.

NOTE Even though some employers give some of this basic insurance, you can strike out on your own and get a better deal. You have to purchase it yourself through. You can make choices to customize your package too, and your needs will be met to know exactly how much protection you're getting.

Also, if you're an independent driver that is leased to a carrier, then the carrier will often provide the bulk of the liability insurance coverage.

Moreover, you should get your own physical damage insurance and non-trucking insurance coverage. If you're driving your truck on your own time, you should get your own coverage.

Owner-operator insurance is one of the most vital types of insurance you can get.