Search results
Results from the WOW.Com Content Network
The average cost of car insurance in Florida is $3,594 per year for full coverage and $1,111 per year for minimum coverage. Florida drivers pay significantly more than drivers in the nation as a ...
The average rate of car insurance in Florida is $3,945 per year for full coverage, which includes collision and comprehensive insurance, while minimum coverage is available for an average cost of ...
Uninsured/underinsured motorist coverage. Protects you if you're hit by a driver who either has no insurance or whose liability coverage limits are too low to pay for your damages.
The insurance company will ordinarily pay the judgment, up to the policy limits, once a court determines that an uninsured motorist was at fault. Some states' laws also allow additional insurance coverage to the insured policyholder through policy stacking provisions, whereby a claim may be made against multiple uninsured motorist policies.
Uninsured/Underinsured coverage, also known as UM/UIM, provides coverage if an at-fault party either does not have insurance, or does not have enough insurance. In effect, the insurance company pays the insured medical bills, then would subrogate from the at fault party. This coverage is often overlooked and very important.
*Florida only requires PDL and PIP. Minimum BI limits are 10/20 if you do purchase coverage. Drivers who have caused an accident involving bodily injury or death or received certain citations may ...
Johns Hopkins University professor Vicente Navarro stated in 2003, "the problem does not end here, with the uninsured.An even larger problem is the underinsured" and "The most credible estimate of the number of people in the United States who have died because of lack of medical care was provided by a study carried out by Harvard Medical School.
Uninsured motorist is optional in Florida, however, so you may not carry it on your policy. Collision coverage : Collision coverage could repair the damage to your vehicle caused by a hit-and-run.