WHAT IS BODILY INJURY LIABILITY INSURANCE(BI):
Bodily Injury Liability Insurance is intended to protect you against claims brought against you by other people that may have suffered bodily injuries or death as a result of your negligence or for which you are responsible. BI coverage also provides for a legal defense in the event of lawsuit against you. Claims for bodily injury include medical bills, pain and suffering, permanent injury, loss of consortium, and loss of income, loss of enjoyment of life, and out of pocket expenses such as travel costs for medical care. Bodily Injury Liability does NOT cover you or other people on your policy. Bodily injury liability coverage is not mandatory in Florida, but is mandatory in many states.
HOW DO YOU KNOW THE AMOUNT OF COVERAGE:
The Bodily Injury liability coverage limits normally refer to the maximum amounts that will be paid per person, per incident, respectively. For example 25/50 means that the policy will cover $25,000.00 per person and $50,000.00 per accident.
WHAT IS PROPERTY DAMAGE LIABILITY INSURANCE (PD):
Property damage insurance covers your liability if your car damages someone else’s car or property. Property damage liability will also provide legal defense if another party files a lawsuit against you.
It is a good idea to purchase enough of this insurance to cover the amount of damage your car might do to another vehicle or object. Coverage is limited to the terms and conditions contained in the policy.
WHAT IS COMPREHENSIVE INSURANCE (COMP)
Comprehensive coverage is insurance that will pay for your vehicle, and sometimes other vehicles you may be driving for damage resulting from incidents other than collision. Comprehensive insurance covers damage to your car if it is stolen; or damaged by flood, fire, or animals.
WHAT IS COLLISION COVERAGE (COLL):
Collision coverage is insurance that will pay for your car when your car is damaged as a result of a collision with another vehicle or object. Collision coverage will pay to fix your vehicle less the deductible, or will pay for the total loss of your vehicle.
WHAT IS UNINSURED MOTORIST COVERAGE (UM):
Uninsured motorist coverage is insurance that covers you, and members of your household and your passengers for bodily/personal injuries, damages, or death when the at-fault driver is uninsured, underinsured, or the accident is a hit-and-run type accident.
WHAT IS PERSONAL INJURY PROTECTION
Personal Injury Protection is insurance that covers medical, hospital and diagnostic testing expenses of the insured, others in the insured vehicles and pedestrians struck by the insured. This coverage applies to the insured’s and insured’s passengers medical expenses regardless of who is at fault in the accident.
Who is covered?
2. Policyholders relatives in the same household
4. Other authorized drivers
5. Policyholder and family members if they are injured while riding in someone elses car or as a pedestrian when struck by another vehicle.
How much coverage is provided?
Personal injury protection limits are normally $10,000 and may have a deductible depending on the policy provisions. Additional PIP coverage is often offered at additional policy premium.