Auto or car insurance coverage has two parts. The first is the liability section of the policy. It covers your financial responsibility for injuring others. Some liability coverage is required by most states.
The second part of auto insurance covers the car itself: comprehensive coverage reimburses losses from fire, theft or other perils; collision coverage pays to repair losses caused by an accident. Often this coverage is mandated by leasing companies or banks. There are also ancillary medical, car rental and other coverages which vary by state.
Utilizing high deductibles on the physical damage coverages can help reduce premiums. If you carry umbrella insurance, you must be sure that you carry the required amount of basic liability insurance to avoid a gap in coverage for a serious accident.
If you’re interested in learning more about auto insurance coverage, contact Florida Insurance Hub. Our goal is to help you manage your auto insurance risks and to protect your assets. Selecting the best insurance coverage for the best value is important. For this reason, Florida Insurance Hub represents over 50 top insurance companies offering solutions to fit individual needs and resources. Florida Insurance Hub is an independent insurance agency serving all of Florida, including Titusville, Melbourne, Panama City, West Palm Beach, Tampa, Naples, Jacksonville, and Miami. We provide personal and commercial insurance quotes for homeowners insurance, auto insurance, flood insurance, umbrella insurance, commercial auto insurance, and business insurance. For a complimentary risk assessment, contact Florida Insurance Hub.