Disclaimer: These descriptions of coverage may not exactly concur with what is provided for in your actual in force auto policy. Coverage may vary from state to state and carrier to carrier. This information is provided to you as an aid in understanding your quoted coverage. We recommend discussing your quoted coverage for the company you chose with your appointed agent before purchasing a policy.
Comprehensive: Its physical coverage to your vehicle, paid out as Actual Cash Value at time of loss minus deductible. In the Sate of Florida it provides free windshield as long as client chooses this coverage. This coverage protects against the perils of: Windshield breakage, theft vandalism, burglary, weather damage, fire and flood, etc.
Collision: Physical coverage for your own vehicle involved in a collision. (Paid out as Actual Cash Value of vehicle at time of loss minus deductible; ACV – DED = paid out amount at time of claim)
Property Damage (PD): Liability to pay damage caused to others’ property for which you can be held liable. This pays but not limited to: The damage to other vehicles, fences, light poles, houses, etc.
Bodily Injury (BI): Liability protection for you; covers you for bodily injury you can be held liable for in case of an at fault accident. This coverage protects for medical payments to others, protects you if you are sued for bodily injury you caused to others.
Medical Payments (MP): Medical Payments to you for medical bills incurred in an auto accident no matter who is at fault. This coverage is optional; it may cover the 20% co-pay from your PIP protection.
Personal Injury Protection (PIP): This is coverage for you, any authorized driver and your family members if coverage selected. It pays medical expenses relating to an accident whether or not you are at fault. PIP in the state of Florida is mandatory. It is also called “No-Fault” insurance, since no matter who is at fault it will pay up to the first $10,000.00. The insurance company pays 80% and you pay 20%. Med-Pay can replace the insured’s 20% co-pay in PIP. PIP covers medical bills, loss of wages, or disability caused in an auto accident up to the listed limit.
Uninsured/Underinsured Motorists Coverage (UMC Liability): Pays for medical payments, loss of wages, and disability to you and/or your passengers in vehicle when involved in a not at fault accident. This coverage pays when the at fault party is Uninsured or Underinsured. This coverage pays last after PIP, Med Pay and BI coverages are exhausted. UMC coverage is offered in two ways: Stacked and Unstacked.
- Stacked: Can be chosen when a person has more than one vehicle, it offers more protection without having to increase the limits. It takes coverage from the other vehicle(s) and adds the coverage to the involved vehicle. (ex: 3 cars stacked coverage without accident = 100/300 ; coverage = in accident 300/900 ) This coverage cost is higher.
- Unstacked: The most commonly chosen coverage, it provides the UMC coverage per vehicle individually. This coverage does not share the coverage from other vehicles on the policy. (ex: 3 cars covered at 100/300 in accident the coverage is 100/300)
Towing and Labor (T&L): This pays for the reimbursement of up to the policy limits per disablement. This pays for the towing of your vehicle to the nearest garage or repairs. This coverage also pays for the reimbursement of a locksmith service, etc.
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