What does minimum insurance in Florida cover?

What does minimum insurance in Florida cover? Having a car in Florida is essential, as relying on public transportation significantly limits job and leisure opportunities. One of the first goals for newcomers to the largest peninsula in the U.S. is to own a vehicle that allows them to move around as they wish.
Driving in Florida comes with a legal requirement for minimum insurance coverage. However, the beauty of this system is its flexibility. You can choose to expand your coverage based on your financial situation or the type of car you drive, putting you in the driver’s seat of your insurance decisions.
If you contact any insurance agent, they’ll likely tell you: “The minimum coverage in Florida is PIP and PDL.” But what does that mean in simple terms? For instance, if you own a luxury car or a high-performance vehicle, you might want to consider additional coverage beyond the minimum requirements.
Florida law ensures that you’re well-protected with a Personal Injury Protection (PIP) policy of at least $10,000. This comprehensive coverage takes care of 80% of your medical bills after an accident, 60% of lost wages during recovery, and even covers your passengers and pedestrians injured in the accident. In the unfortunate event of your death, this policy also provides up to $5,000 in death benefits, giving you a sense of security on the road.
The other mandatory coverage in Florida is Property Damage Liability (PDL). This insurance protects against damages you cause to someone else’s property. The minimum required coverage is $10,000. So, if you’re responsible for an accident and damage someone else’s vehicle or property, PDL will cover the costs.
Things change a bit when you purchase a vehicle with a loan. Lenders typically require you to carry collision and comprehensive coverage. Collision insurance protects your car in case of an accident, regardless of who’s at fault. Conversely, comprehensive coverage compensates for damage to your vehicle caused by vandalism, theft, fire, or natural events like storms or hail.
Before you make your purchase, consult a specialized agent at Univista Insurance. They will assess your driving habits, the type of car you own, and your financial situation to determine the best protection for your car. This might include additional coverage options or discounts you might be eligible for. What does minimum insurance in Florida cover?

Call us today for a full rating! 305-985-4126. You can also quote for free here.