You have probably invested in car insurance because it’s mandatory. For instance, Florida requires all motorists to invest in property damage liability and personal injury protection. But should you invest in car insurance because your state requires it? Karla Salmon Insurance in Oviedo, FL differs. Car insurance is more than just compliance. Here are the reasons.
State-required car insurance isn’t adequate.
Your mandatory car insurance is just a minimum. For instance, Florida only requires $10,000 each for PIP and property liability insurance. When faced with significant accidents, these amounts can only go far in protecting you.
We often advise our clients to increase the limits of the state minimums. For example, we advise clients to consider combined property damage and bodily injury liability coverage of above $300,000. If you need higher liability coverage, we recommend investing in umbrella insurance.
Similarly, a requirement of $10,000 for PIP is just too low, given the high cost of healthcare in the US. We usually advise you on the appropriate PIP amount after evaluating your health insurance coverage. We can advise you on balancing the two policies for optimal benefits.
Basic insurance doesn’t cover you.
In most cases, mandatory car insurance only protects third parties but not you and your vehicle. Considering that, it’s advisable to opt for optional car insurance policies. If you want to protect your vehicle from risks like fire and collisions, invest in comprehensive and collision policies. These insurance policies repair or replace your car when lost or damaged by a covered peril.
Car insurance in Florida
There are enough reasons to purchase more than the state-required car insurance. All-rounded car insurance gives you optimal protection and peace of mind throughout your car ownership. Want to buy car insurance in Oviedo, FL? Please get in touch with Karla Salmon Insurance for affordable car insurance.