The policy of your choice needs to comply with Florida law. You will need some expert help in selecting a policy, and Romero Insurance & Financial Services is prepared to walk you through the process.
Auto insurance coverage will protect you against financial losses that could occur as a result of driving a vehicle that becomes damaged or stolen. These types of policies are divided into two parts consisting of collision coverage and liability coverage.
Collision coverage is designed to protect you from potentially high costs of repairing your own vehicle following an accident. Therefore, if you hit another driver’s vehicle,your collision coverage will pay for the repairs to your own car.
Should your vehicle become totaled in a wreck, your collision coverage will pay you for the current value of your car before it had been damaged. Typically, collision coverage is optional, however if you finance your car through a dealer or other lender, it is normally required prior to you being qualified for the loan.
Liability coverage is the other part of your auto insurance policy. This component will pay for the damage that is incurred if you are at fault for causing an accident. For example, if you run into another vehicle, your liability coverage will pay to repair the other driver’s car.
In addition, this portion of your auto insurance policy will also pay for the medical bills that may be incurred by any other individuals who are injured in the wreck and,if you cause damage to other property such as a building or a fence, the liability portion of your auto policy will also pay for some or all of the necessary repairs.