Most states have insurance laws that require drivers to have at least some automobile liability insurance. These laws were enacted to ensure that victims of automobile accidents receive compensation when their losses are caused by the actions of another individual who was negligent.
It’s often the case that the cost of repairing the damages to an older car is greater than its value. In these cases, your insurer will usually just “total” the car and give you a check for the car’s market value less the deductible. Many people with older cars decide not to purchase any physical damage coverage.
Related FAQs
Yes, but only if you carry Comprehensive coverage. Comprehensive covers flood, falling trees, hail, and wind damage to your vehicle. Liability-only policies, including Florida's minimum PIP and PDL, don't cover ...
After a Florida car accident, move to safety, call 911 if anyone is hurt, exchange information, document the scene, and see a doctor within 14 days so your PIP benefits ...
Uninsured motorist (UM) coverage isn't legally required in Florida, but it's strongly recommended because roughly one in five Florida drivers is uninsured and many others carry no bodily injury coverage. ...
