Avoid High Cost Extensive Florida Vehicle Insurance
Avoid High Cost Extensive Florida Vehicle Insurance: Although the cost of vehicle insurance constantly ranking among the highest in the nation, usually in the top five, Floridians may not want to consider the idea of purchasing more vehicle insurance coverage. However, although Florida vehicle coverage can be expensive, it does not offer very much protection to policyholders. The state requires that motorist obtain a policy consisting of $10,000 in personal injury protection (PIP) and will pay for injuries sustained by the policyholder and those considered “insured”.
As many may be aware, this dollar amount does not provide much of a cushion should an insured suffer severe injuries. With the cost of medical care this sum can be used up in the blink of an eye. It may be a good idea to consider higher limits if an individual does not have a health care plan to avoid being left with hefty medical bills.
The state also requires that resident motorist carry $10,000 in property damage liability, which will pay for the damage that the insured causes to another party’s property with their car. While this may seem like it could cover the majority of cars that are on the road, this is not necessarily the case. Many vehicles are worth well more than that and any compensation owed to the other party exceeding the $10,000 limit may need to be paid by the vehicle owner. Floridians are aware of the luxury vehicles that frequent the popular beach destinations, and even an accident that may not seem to serious can add up to more than the policy’s limits. Exotic cars have more expensive and rarer parts, therefore, the cost to repair them is costlier, even for a fender bender. Motorists should refer to the Florida vehicle insurance consumer guide which can explain in detail how coverage works and assist in choosing adequate protection.