%20requirements%20for...){kind=link}
How Much Car Insurance Do You Really Need
In these tough economic times, your inclination will be to get the bare minimum of auto insurance required by the law of your state
.Buyer Beware! Keep in mind, these bare minimums may not fully protect you.
When deciding how much automobile insurance coverage you need, make sure you are covered for an amount equal to the value of your assets. Even though most states have minimum (or no) requirements for bodily injury liability, it is probably in your best interest to purchase higher limits. If someone else is injured and you're at fault, the minimum liability coverage may not cover their medical expenses, in which case their attorney will most likely come after your assets. It is generally recommended that you purchase 100/300 limits of bodily injury liability.
Most states require that you have minimum levels of liability insurance. In Florida the minimum requirements for automobile insurance are $10,000 of bodily injury liability for one person in an accident, $20,000 bodily injury liability for all people injured in an accident, and $10,000 property damage liability for one accident.
The law governing insurance policy in Florida also makes it necessary for an insurance provider to provide you with a special package called PIP or Personal Injury Protection. PIP ensures that your insurance provider has to pay for the medical expenses or any other lost wages which you may have to bear in the event of meeting an accident.
Besides liability insurance, you must also consider collision and comprehensive auto coverage. This insurance covers damage to the policyholder's car resulting from an accident or loss in the case of theft, fire, falling objects, explosions, or other unexpected incidents.
At MDW Insurance Group, your Personal Client Manager has access to top rated companies and can usually find you better coverage at better prices. The personal client manager will also ensure your insurance policy is in sync with your business needs and cover all the aspects of law.
Contact us for a no cost, no obligation review and comparison of your car insurance needs.
by: sid tivatne Getting Quotes For Commercial Car Insurance Money Saving Tips for Buying Used Dump Trucks! Buying commercial insurance for vehicles Affordable Auto Insurance Auto insurance cover just picked up a new expense to pay Techniques To Choose The Very Best Your Inheritor Automobile Seat Discover Automotive Service Opportunities With The Canadian Tire Modified Apprenticeship A Number Of Quick Tips On How To Get Car Insurance Future Trends In China's Auto Parts Are Still Five To Ten Years Gold A Number Of Tips On Getting Cheaper Car Insurance For Teenagers Automotive International Marketplace Mesothelioma Injury Settlement - The Best Way To Handle It Flatbed Trucks and Business Use – An Exceptional Alliance!