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Here are some of the additional auto insurance coverage options available in Florida: Bodily injury liability (BI): Bodily injury liability coverage is optional in Florida but highly recommended ...
The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]
With the average full coverage-car insurance policy costing a hefty $2,640 annually, according to Bankrate, you might be wondering if you’re getting optimal value for your hard-earned dollars ...
But that does not mean that the coverage is inferior. Coverage: “They offer a standard policy. If you have a major disaster, fire, lightning, windstorm, you are covered,” said Randy Marzullo ...
Extended coverage is a term used in the property insurance business. All insurance policies have exclusions for specific causes of loss (also called "perils") that are not covered by the insurance company. An extended coverage endorsement (EC) was a common extension of property insurance beyond coverage for fire and lightning.
Personal injury protection (PIP) is an extension of car insurance available in some U.S. states that covers medical expenses and, in some cases, lost wages and other damages. PIP is sometimes referred to as "no-fault" coverage , because the statutes enacting it are generally known as no-fault laws, and PIP is designed to be paid without regard ...
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The crisis in the Florida insurance market. Florida has always been a complex home insurance market. Since 2017, eleven property and casualty companies that offered homeowners insurance in Florida ...