Understanding Your Car Insurance Policy

The type of car insurance coverage you have may determine the compensation you recover after an accident, particularly if no other vehicles were involved in the crash.

Learn what the various components of a car insurance policy cover so you can stay informed on the road.

The Components of a Car Insurance Policy

Each component of a car insurance policy covers different things. Most states require all drivers to carry liability coverage, at a minimum.

Liability coverage includes two main components: bodily injury and property damage. Bodily injury coverage will help pay for your damages, such as medical bills, caused by a negligent driver. Property damage coverage will help pay for the physical damage caused to your vehicle by a negligent driver.

The insurance company will only pay the costs up to the policy’s limit. However, there are many times when an insurance company will not willingly pay these types of claims and there then becomes a need to hire a lawyer who specializes in the handling of these types of claims.

Florida, in particular, also requires drivers to carry personal injury protection (PIP). This type of insurance coverage provides you with medical benefits for your injuries resulting from an accident, regardless of who is at-fault.

The other, optional components of a car insurance policy include the following:

• Collision: This type of coverage will pay for any physical damage sustained to your vehicle. You will be responsible for paying your policy’s deductible, and then your insurer will cover the rest of the cost.
• Comprehensive: This type of coverage will pay for any external damage caused to your vehicle through weather events, vandalism, and more.
• Uninsured/underinsured motorist: This type of coverage will pay for your medical bills or damage caused to your vehicle when the responsible driver either does not have insurance or does not have sufficient insurance to cover the full cost of damages.

Injured in an Accident? We’re Here to Help

If you have been injured in an accident and you’re having trouble recovering the compensation you deserve from your insurance company, our Fort Lauderdale personal injury attorneys are here to help. We have over 240 years of combined legal experience, and we’re prepared to fight for you.

Contact Rosenberg & Rosenberg, P.A. today at (888) 499-6206 to schedule a free consultation.