Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.
An auto insurance policy is comprised of six different kinds of coverage for your car.
Covers damage to other people’s property but it does not cover any expenses related to damage to your property or any injuries you may suffer. It exists to pay for damages suffered by the other parties in an accident for which you are found to be at fault. All states require a minimum amount of liability coverage in order to legally drive a vehicle.
Collision coverage applies when your vehicle is involved in any kind of collision, regardless to whether it was with another vehicle, a building, a guardrail, or any other stationary object. Collision coverage will pay for the repairs your vehicle needs after any of these incidents, or to replace your car for the current value of the vehicle if the collision causes a total loss, also known as “totaling” the car.
Coverage applies to almost any type of loss that may occur, except for loss resulting from an auto accident. It could be damage from severe weather such as tornadoes, hurricanes, or hail storms, or natural disasters such as earthquake, flood, or fire.
Is coverage that protects you if you are found at fault in an accident that resulted in injury to another party. It will not cover your own injuries, or the injuries of any other driver included on your insurance policy. This coverage usually pays for medical bills, physical therapy or rehabilitation, work time lost due to injury, legal representation for the other party, funeral costs, and in some cases pain and suffering.
PIP covers approximately 80% of medical expenses including rehabilitation, funeral costs, and lost wages. This coverage is different from bodily injury liability in that it provides coverage to you, your passengers, or anyone authorized to drive your vehicle. It also covers you and anyone else named on your policy when driving someone else’s vehicle.
Uninsured motorist coverage takes affect if you’re involved in an accident with a driver who carries no auto insurance or with a driver who hits you and flees the scene. Uninsured motorist coverage covers your medical expenses and those of your passengers. Underinsured motorist coverage protects you if you’re involved in an accident with a driver who carries the legal minimum amount of liability insurance, but no extra insurance to cover all your losses. It only applies when the other, underinsured driver is at fault. Underinsured motorist coverage will cover your medical expenses, pain & suffering, and lost wages.
151 E Highland Blvd, Suite 171,Inverness, FL 34452
Local: (352) 726-1691
Fax: (352) 726-2363
Crystal River Office
2121 SE U S Highway 19,Crystal River, Fl 34429
Local: ( 352) 795-2697
Fax: (352) 795-0677