An auto insurance policy can be a complex and confusing thing, so I’d like to take this opportunity to discuss the basic components of an auto insurance policy, so that you can be certain that you have the best protection possible.
The first aspect of a good auto insurance policy is Bodily Injury Liability. This protects you if you or someone on your policy were to cause bodily injury to another person. Carrying a high dollar amount of protection is extremely important in South Florida, given the high number of accidents every year.
The next component is Personal Injury Protection, commonly abbreviated as PIP. PIP covers you and the passengers in your car if you are in an accident. It covers the cost of medical treatment, and lost wages.
Next, is property damage liability, which provides coverage, should you damage another’s property, such as someone’s fence or home. Best practice suggests that you have at least $50,000 coverage.
Another important aspect is collision coverage, which is insurance for your vehicle if you are in a car accident. If you are at fault for the accident, then collision coverage will cover the full value of your vehicle minus your deductible. If the accident is not your fault, someone like the Fort Lauderdale Injury Lawyer will file suit to try to get payment from the other person’s policy.
Comprehensive coverage is something that many discount policies do not include. Comprehensive coverage protects you from theft, hurricanes, fires, etc. It is my suggestion that you at least cover the value of your car.
Finally, your auto insurance policy should include uninsured or underinsured motorist coverage. This protects you if you are injured when you are not at fault for the accident, but the other person who caused the accident does not have auto insurance or does not have enough auto insurance. The Fort Lauderdale Injury Lawyer has extensive experience collecting substantial settlements in cases where the defendant is uninsured or underinsured.
If you or anyone you care for has been involved in a serious accident, you may wish to consult with the Fort Lauderdale Injury Lawyer by calling 1-877-529-0444 or by email at info@www.schulaw.com
