Posted : 02/19/2007
Bodily injury limit: This is the maximum amount your insurance policy will pay when an insured person becomes legally liable for bodily injury or death caused by an insured person in an auto accident.
Property damage limit: This is the maximum amount your insurance policy will pay when an insured person becomes legally liable for damage in an auto accident to the property of other people (e.g. light poles, fences, another vehicle, etc.).
|Bodily Injury & Property Damage coverage:|
|$10,000 person/$20,000 accident/$10,000 property|
|$25,000 person/$50,000 accident/$25,000 property|
|$50,000 person/$100,000 accident/$50,000 property|
|$100,000 person/$300,000 accident/$50,000 property|
|$100,000 person/$300,000 accident/$100,000 property|
In Florida a driver must have a minimum coverage of $10,000 for bodily injury to one person, $20,000 for bodily injury sustained by two or more persons in a single accident, and $10,000 for property damage that results from one accident. To adequately protect yourself, you may want to purchase much more than the minimum amount of coverage required for Florida.
Common Exclusions:Bodily injury and property damage coverages apply to injury and damage from normal use of the insured vehicle. Coverages are limited by your policy and there may be some circumstances in which coverage does not apply. For example, in some policies coverage does not apply to:
PIP, also referred to as No-fault Coverage, is a legal requirement in Florida. Regardless of who is at fault, PIP covers bodily injury to covered persons caused by an accident involving an insured private passenger motor vehicle, up to your policy limits. PIP also covers bodily injury resulting from an accident involving a motor vehicle to:
By Florida law, a minimum of $10,000 of PIP coverage is required and pays:
Higher limits may be purchased through some carriers.
Extended Personal Injury Protection: In return for additional premium, you may increase coverage for reasonable medical expenses to 100%. You may also increase coverage for lost wages to 80%, up to the limits of the policy.
Wage Loss Exclusion: This option allows you to exclude benefits received for loss of gross income and loss of earning capacity from PIP coverage. This usually results in a reduction to your premium.
Military Benefits Coordination: Some carriers offer this option, which allows you to utilize military benefits under the federal Medicare program to pay for medical expenses resulting from an auto accident. Your PIP coverage would pay only for the expenses not covered by your military benefits. This may reduce your premium.
Deductibles: You may select a deductible of $0, $250, $500, $1,000.
Named Insured: The first person in whose name the insurance policy is issued to.
Resident Relative: Person related to you who is a resident of your household.
Please Note: This coverage definition is intended only as a guideline. All terms and coverages are defined solely by your policy.
*Coverage minimums displayed are the minimum available through insurers on Insurance.com.
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