Increasing Vehicle Insurance Limits
Increasing Vehicle Insurance Limits: Increasing one’s limits is an excellent way to improve the amount of coverage on a car, and also leads to greater peace of mind when traversing the open roads. The Florida Automobile Insurance Guide recommends that residents consider adding various forms of optional coverage. Two of these recommended options are uninsured/underinsured motorist (UM) protection and medical payment coverage. The first of which insures a motorist against damages sustained from an accident with an individual who has either no policy of their own or does not have enough coverage to pay for all of the damages. Should such an accident occur one’s UM coverage would take effect and pay the remainder of the costs. Medical payment coverage pays for the policyholder’s medical expenses that are a result of an automobile accident. Included in this addition are the medical expenses of one’s family members or passengers, regardless of who is at fault for the accident, and this coverage also applies if the insured is in another person’s vehicle.
Increasing one’s limits or adding additional coverage, however, is not always voluntary. For motorists who are found guilty of driving under the influence must carry even greater amounts of coverage. This includes increasing one’s liability to $100,000 for one person who may be injured or killed in a single accident, $300,000 for two persons or more, and $50,000 property damage liability. This extra coverage must then be maintained for at least three years, and is unlikely to be lifted if the motorist in question is unable to keep a clean driving record the entire duration. Increasing the amount of coverage on a policy is strongly encouraged in the Sunshine State. Doing so allows for greater amounts of protection in the event of an accident, and helps to decrease the likelihood of the state requiring increased coverage as a consequence of being underinsured.