Types of Auto Insurance Coverage Explained

A question you might ask yourself is: why must we carry auto insurance? Hopefully one answer you should hear is to protect yourself and your car. For those same reasons the government also requires you to have car insurance.

The state of Florida requires you to carry at least the minimum requirements, which is property damage at ten thousand dollars and personal injury protection at ten thousand dollars. Property damage covers another person's vehicle if you are at fault in an accident. Personal injury protection covers 80 percent of medical expenses and 60 percent of loss wages as well as up to a five thousand dollar death benefit for you and your relatives (that reside with you), minus the deductible if it applies. This coverage would protect you in case there is any damage to other vehicles and gives you medical coverage for yourself.

There are many different types of auto insurance coverage to choose from, depending on what you want covered and what you can afford. Where should you get started?

First you should ask yourself if you have enough coverage in case of an incident occurring. Besides the minimum requirement coverage previously mentioned, there is another type of coverage that is very important, bodily injury.

Bodily injury coverage is not required by the state of Florida until you get into an auto accident. This would cover you if you were at fault in an accident and the person in the other vehicle suffered injuries exceeding their personal injury coverage. If you did not have this coverage the other party has the right to sue and the state may place a financial responsibility on your motor vehicle report, which you would have to carry for 3 years. That financial responsibility is called an SR22.

Uninsured motorist is another coverage you may want to consider. Uninsured motorist covers you if the other party was at fault and you were injured (exceeding your personal injury coverage) and they did not have bodily injury coverage. You may use this coverage to cover the difference of your injuries.

Where does you car fit for injury theft and collision? What about your dream car? Take a look at this run down based on 2000-2002 HLDI data:

There are two more very important types of coverage that you might want to explore they are: comprehensive and collision.

Comprehensive coverage would cover your vehicle in the event of fire, theft, vandalism, hail storm damage or any natural causes minus the deductible you agreed upon when purchasing your insurance.

Collision coverage would cover physical damage to your vehicle, if you were at fault in the accident, minus the deductible. The insurance company would pay the actual cash value of your vehicle. If your vehicle is financed comprehensive and collision coverage are possibly are required by your lending institution.

Extra medical payment coverage can also be provided if you are interested and the list goes on. All types of coverage are important but the reality of it is, what we can afford? Keep in mind your life and your family is very important so having insurance should be one of your main priorities.

With the web easily accessible you have a vast amount of knowledge at your fingertips to help you choose the best coverage for you and your lifestyle. Life is too short, get good advice and get the right insurance coverage for you and your family.

Visit the Learning Center at http://www.carinsurance.com to learn more about auto insurance and to get a free auto insurance quote.

Belinda Ramos is a representative of CarInsurance.com. You can visit CarInsurance.com at http://www.carinsurance.com or contact them at 1-877-327-8728.

CarInsurance.com's online insurance marketplace gives an opportunity to consumers and to insurance companies. We offer the ability to shop for car insurance online.

Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online... anytime!

Twin Cities Finance and Commerce
Regulator acts to cut defaults at IndyMac
Financial Times, UK - 3 hours ago
The Federal Deposit Insurance Corporation, which has been running IndyMac since it was shut down by the government on July 11, said it would send 4000 loan ...
FDIC Unveils Plan to Aid Wall Street Journal
FDIC has mortgage plan for IndyMac borrowers San Jose Mercury News
FDIC has rescue plan for distressed IndyMac mortgages Charlotte Business Journal
Arkansas Democrat Gazette - Washington Business Journalall 353 news articles

Extra pounds mean insurance fees for Ala. workers
The Associated Press - 1 hour ago
The state has given its 37527 employees a year to start getting fit — or they'll pay $25 a month for insurance that otherwise is free. ...

Seino health insurance society dissolved over rising burdens
The Daily Yomiuri, Japan - 6 hours ago
GIFU--A health insurance society set up by group companies of a distribution firm in Ogaki, Gifu Prefecture, was wound up Aug. 1 after failing to cope with ...

Americans Across the Country Would Pay Billions if Congress Passes ...
MarketWatch - 9 hours ago
The new economic study reports that these massive new taxpayer burdens would be imposed by Congress despite the fact that private insurance and reinsurance ...

Murder trial told of insurance payouts
Independent Online, South Africa - 6 hours ago
Insurance policy payouts, a bank card and the relationship between Avhatakali Netshisaulu and his father, City Press editor-in-chief Mathatha Tsedu, ...

Tennis event insurance unnecessary, city staff report
Arizona Republic, AZ - 11 hours ago
21, 2008 06:26 AM A new city report concludes that event insurance is an unnecessary expense for Surprise's celebrity tennis tournament, which is expected ...

IAG in $261m loss from failed UK play, restructure
The Australian, Australia - 1 hour ago
INSURANCE Australia Group today posted a $261 million loss for fiscal 2008, but forecast improved performance for financial year 2009. ...

Travel insurance: Can travelers with existing conditions be covered?
Salt Lake Tribune, United States - 12 hours ago
Many travelers wonder if they can purchase travel insurance with pre-existing medical conditions. According to Jim Grace, president of InsureMyTrip.com, ...

MLive.com
Meadowbrook Insurance of Southfield acquires ProCentury Corp ...
MLive.com, MI - 15 hours ago
by Gary Gosselin | Oakland Business Review Meadowbrook Insurance of Southfield is moving forward quickly to combine the two companies after completing its ...

Allied World Announces New Executive Vice President of US Operations
MarketWatch - 10 hours ago
Gordon Knight, President of US Insurance Operations, commented, "Mike's leadership and extensive background in assessing, developing, monitoring and ...

Wind Chimes and more...

Windchimes for great gifts!

Medical Bills - Evaluating Your Personal Injury Insurance Claim