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.
Auto insurance is comprised of the following standard coverage parts::
Liability
Covers bodily injuries and property damage to others resulting from an accident for which you are legally responsible.
Collision
Covers damage to your vehicle in an accident. Collision is generally optional unless your vehicle is financed or leased.
Comprehensive
Covers damage to your vehicle for losses resulting from things other than collision, such as damage from fire, theft, falling objects, storms, collision with birds or animals, and glass breakage.
Uninsured Motorist
Covers damages due to bodily injury that you and other passengers of your vehicles are legally entitled to from another driver who is underinsured or not insured.
Medical Payments
Covers necessary expense for medical or funeral services provided to you and your passengers as a result of an accident.
Personal Injury Protection
Eligible injured parties are entitled to reimbursement of 60% of their verifiable wages and 80% of reasonable and necessary medical expenses incurred as a result of a covered auto accident. Florida law requires this coverage.
Loss of Use
Optional coverage that helps pay rental vehicle costs when your insured vehicle is disabled as the result of a covered accident or loss
