When it comes to figuring out auto insurance, it can be pretty confusing. There are a number of factors that go into determining your premiums, and when you put premiums aside, auto insurance is still pretty complex. First Florida Underwriters Inc wants to help you understand auto insurance a little bit better, so here are a few myths that we would like to debunk for Orange Park, FL residents.
Comprehensive Insurance Will Cover Everything
While it is true that comprehensive auto insurance will cover quite a bit, it is only designed for the things that aren’t covered by the other types of insurance on your insurance policy, like uninsured motorist or collision coverage. Comprehensive insurance coverage is necessary for damage sustained to your vehicle during a collision with a deer or other animal, a fire, or weather-related events like floods and hail. In other words, comprehensive coverage handles damage to your vehicle that has occurred as a result of something other than a typical collision.
The State-Minimum Liability Coverage Is All You Need
Most states require that motorists carry a certain amount of auto liability insurance. Unfortunately, a number of drivers are under the impression that this is enough coverage. Under a number of circumstances, the state minimum coverage will not be sufficient in an accident. If this ends up being the case, you will pay out of pocket for any expenses over your insurance coverage. We can help you determine the best coverage amounts based on your financial situation and driving habits.
Personal Auto Insurance Covers the Business Use of a Vehicle
A lot of people are self-employed nowadays and work out of their homes, which means they may use their personal vehicle for business use. Unfortunately, your standard auto insurance policy may not cover you if an accident were to occur. Therefore, you should look into getting business vehicle insurance, especially if you have employees who also drive your vehicle. Don’t forget to check their driving records on a regular basis as well.
Serving Orange Park, FL, First Florida Underwriters Inc understands how confusing auto insurance can be, which is why we would love to sit down with you and help ensure you have the proper coverage for your vehicle.