Always Read the Fine Print of Your Auto Insurance Policy

Auto insurance is a must-have as a Florida resident. However, how many of us have read through our policies to see our exact coverage? Many of you may be surprised by what you find out. There are a lot of uninsured drivers in Florida.

If you were to get into an accident with one of them, it can become a big problem very quickly if you find out you don’t have enough coverage in your auto policy to cover all your damages. Always read the fine print.

Read Before You Sign

When you take the time to read the fine print before you sign your name to your auto policy, you will be more aware of and better understand all the provisions that are laid out in your policy. This makes you a much more informed consumer.

A review of your current auto insurance can also provide you the peace of mind you want, knowing that your property and you are adequately covered in case something unexpected happens.

Are There New Drivers in the Home?

Do you have a child who has recently gotten their license? You need to ensure that all household drivers are listed on your auto insurance policy. A teen driver can easily raise your rates, but you can also find discounts if they get good grades or attend college.

If someone in your home gets into an accident and is not listed on your policy, your claim may be denied. Make sure everyone is listed to ensure that everyone is covered.

Do You Meet Mandated Minimums?

Always review your policy to ensure you meet all the mandated minimums you need as a Florida driver. Most states require minimum coverage for property damage and bodily injury liability. Any vehicle with a Florida registration must be insured with PIP and PDL insurance with minimum coverage of $10,000 for each.

Do You Have Uninsured Motorist Coverage?

No. Uninsured motorist coverage is not required by the state of Florida, and it can be rejected in writing when purchasing or renewing your auto policy. However, insurance companies are still required to offer at least $10,000 in uninsured motorist bodily injury coverage per person for up to $20,000 per accident.

Uninsured motorist coverage in Florida is good because it pays you for your injuries if the person at fault doesn’t have coverage or doesn’t carry enough liability coverage. It can also offer the coverage you need if you are injured by a phantom motorist, a hit-and-run driver, or even if you are struck as a pedestrian.

What to Consider

When reviewing your insurance policy, see what your current coverage is and review any other options you may want to add to your policy. For example, you can protect yourself with more liability coverage through an umbrella policy.

You should also review what the claims process is like with your insurance company so you know what to expect in the event you are in an accident. Furthermore, see if you have adequate coverage in the event of an uninsured or underinsured motorist.

Finally, consider bundling your coverage to get the best possible price and utilize any and all discounts you are offered. Don’t wait until something happens only to find out you don’t have enough insurance to cover your injuries and damages. Regularly review your auto insurance policy to cover yourself in the case of an accident.

Were you recently involved in an accident? Consult with an experienced auto accident attorney to ensure you get fair compensation.