An auto insurance policy safeguards you financially in the event of an accident. You pay the premium, and the insurance firm takes care of your losses according to the terms of your policy, which is a legal agreement between you and the insurance company. Let The Hopwood Agency assist you in finding the correct vehicle insurance policy today!
As a local, independent insurance agency in Florida, we can help you find the right policy for your car by comparing quotes and coverage options from many top providers.
Bodily Injury Liability Insurance
Having “Bodily Injury Protection” on your automobile policy is one of the most significant coverage choices available. From a practical perspective, you should have it in Florida, even though it is not technically required. It's important to keep in mind that driving in Florida can cause serious consequences to others if you cause a crash or kill someone. Even if you or your family members residing with you drive someone else's vehicle, you might be held accountable for injuries or fatalities. This policy also covers those who drive your car with your consent. By not purchasing this type of insurance, you may be subject to hefty lawsuit damages in Florida, which has a highly litigious legal system.
Financing a Car?
To finance a car, it is usually necessary to have insurance that covers damage to your vehicle. This includes:
Collision insurance coverage pays for damage caused to your vehicle in an automobile accident. Standard collision coverage will pay for any repairs up to the fair market value of your car. Collision coverage usually includes an insurance deductible. It’s the amount of money you pay toward repairs before your collision insurance kicks in. The higher the deductible you’re willing to pay, the less the collision coverage will cost.
COMPREHENSIVE INSURANCE (OTHER THAN COLLISION)
Comprehensive insurance covers damage done to your car in some way other than a collision, such as if it were stolen or vandalized. Flood, hurricane, theft, windshield damage and fire are also events usually covered by comprehensive car insurance. Like collision, comprehensive will pay up to the fair market value of your car (less your insurance deductible.) And although it’s not legally required by any state, you will probably need it if your car is financed.
Every situation is unique — talk to us today to find out how to get the best value on auto insurance. Request a free quote today!