In Florida, auto insurance laws are confusing and convoluted. To add to this confusion, the different types of car insurance coverage pay for property damage, medical bills, and vehicle repairs, to you or another driver if you caused a car accident. If you’re wondering what the difference is between gap, liability, collision and comprehensive insurance, you’re not alone.
Liability insurance protects you in a car accident regardless of who caused it, paying for your injuries and damages. Comprehensive and collision coverage pay for different types of repairs to your vehicle. gap insurance protects you if you owe more on your vehicle than the amount your insurance will pay if your car is a total loss.
talk to an attorney if you have questions about your coverage
if you are unsure about your coverage, contact the attorneys at the law offices of anidjar & levine at (954) 525-0050 today. we can help you understand what comprehensive coverage looks like in our state. We hear about terrible accidents, and we want to make sure you have enough coverage if you’re ever involved in a car accident or if your car is damaged in any way.
We want you to avoid dealing with mounting medical bills, property damage, and other financial harm. these damages can be detrimental to your future. it is advisable to be prepared for certain events and to be protected by more than the minimum coverage. we can guide you through the different types of insurance coverage and we can help you get more substantial coverage.
what is civil liability car insurance?
Liability insurance covers damage or injury resulting from an accident. In Florida, you must have a minimum coverage of:
- $10,000 in property damage liability (pdl); and
- $10,000 in personal injury protection (pip).
pdl insurance covers property damage resulting from an accident. PIP insurance covers injuries that you and your passengers may suffer in an accident. This type of insurance also covers lost wages if you are unable to return to work due to your injuries, as well as funeral expenses in the event of your death.
Because Florida is a no-fault state, every driver seeks coverage from their own PIP policy after an accident. however, as you can imagine, $10,000 will not do for serious injuries. That’s why you have the option to purchase Bodily Injury Liability (BIL) insurance in addition to your PDL and PIP coverage.
If you have billing coverage and you seriously injure another driver in a crash, this policy will cover your costs. otherwise, they can sue you for financial compensation.
what is comprehensive car insurance?
Comprehensive auto insurance covers damage to your vehicle that is not related to a car accident. If your car is stolen or a tree falls on it, you will file your insurance claim under your comprehensive policy. This coverage also pays for damage from vandals, fire, and falling objects, such as coconuts. This coverage generally also pays to repair and replace auto glass, including a cracked or broken windshield.
Florida law does not require you to have comprehensive insurance. however, if you have an auto loan, the finance company may require you to maintain this coverage until you pay off your loan in full.
You can lower your premiums by buying a policy with a higher deductible, but that means you’ll have to pay more out of pocket when you file a claim.
what is collision car insurance?
Collision insurance covers damage to your car after a crash. It will also pay for damages to your vehicle if you have a single-car accident, such as a rollover, or if you hit a utility pole or other immovable object.
Collision insurance is optional in the state of Florida. however, like comprehensive coverage, it may be required by your auto loan company until you pay off your vehicle.
Consider having this type of insurance even if you don’t have a car loan, especially if your vehicle has a higher value or you can’t afford to replace your car if it’s destroyed in an accident.
Just like comprehensive coverage, you can lower your premium if you have a higher deductible. however, you will need to pay your deductible amount out of pocket if your car needs repairs and you need to replace it.
what is differential car insurance?
When you take a new car out of the dealership, its value instantly decreases. however, if you financed your vehicle with an auto loan, your loan balance does not decrease accordingly.
If you have a car accident in the first weeks or months after purchasing a vehicle and insurance declares your vehicle a total loss, your collision coverage will pay on the current estimated value of the vehicle, which is generally less than the amount you you still owe on your loan. gap insurance protects you from the difference between what you owe and what your collision policy pays.
Without this coverage, you would have to continue making loan payments even after your vehicle is in the junkyard. If you lease your car, the leasing company may require you to have this coverage. some auto loan companies also require this coverage.
How can I talk to a lawyer about my insurance coverage?
The Florida car accident attorneys at the Law Offices of Anidjar & Levine understands how important the right auto insurance coverage can be to your finances. When you call us, a dedicated team member will be happy to discuss the best coverage options for you. we offer free policy reviews and can recommend important coverages to add to your insurance.
call today for help
Call us today at (954) 525-0050 to learn more about how the right coverage can protect you, your family and your future. We have litigated many insurance claims and help our clients get the compensation they deserve when they have been injured. we go the extra mile for our customers.
If you need legal help or are looking for information on the different types of auto insurance offered in Florida, don’t wait to get in touch.