Being insured is undoubtedly an advantage for anyone, especially if you live in the United States. Despite the high costs of health services and life in general, having insurance is almost mandatory, but in many states is not a requirement and people can do without these services.

However, in the state of Florida specifically, practices that are optional in some areas are mandatory in others. For example, having vehicle insurance and other derivatives.

At LatinPro, we specialize in life, health, and vehicle insurance policies. Therefore, we can provide you with more details about each state’s requirements. Would you like to know more about it? Here are some facts about insurance in Florida:

What are the required insurances in Florida?

In case you were not aware, under Florida law, if you own a motor vehicle with at least four wheels, you must carry $10,000 in Personal Injury Protection (PIP) insurance as well as a minimum of $10,000 in property damage liability insurance.

In addition, you may have a deductible of up to $2,000 for personal injury protection insurance coverage and $500 for property damage liability insurance.PIP provides coverage regardless of whether you cause the accident up to $10,000, minus the deductible. It is designed to reduce the need to file claims for reimbursement of medical bills and expenses related to auto accidents. This insurance provides coverage for the beneficiary, your household, and those permitted to drive your vehicle. Similarly, pedestrians and bicyclists are also covered if they are Florida residents.

Property Damage Liability insurance covers the costs of damages that you or a member of your family may cause to other people’s property while driving.

What should car insurance policies include?

It is important to emphasize that all automobile insurance policies must include a summary and outline of coverage in clear and understandable terms. These descriptions should include the following:

• A brief description of the benefits and coverage and a breakdown of how the premium is applied.
• A summary of what is covered and what is not covered under certain specific conditions. This would apply to such things as deductibles and limitations.
• A summary of the provisions regarding renewal and cancellation of the policy.
• A description of any additional credits or charges.

Would you like to learn more about mandatory insurance policies in Florida? Contact us and we will happily advise you.