Auto Insurance Coverage
Auto Insurance Coverage
Auto Insurance coverage insures you for injuries that you may cause to another party and their property. It also provides protection for you, your passengers and your vehicle. There are different of coverage selections, and you must select the coverage that meets your needs. Auto Insurance coverage insures you for injuries that you may cause to another party and their property. It provides protection for you, your passengers and your vehicle. There are different of coverage selections, you must select the coverage that meets your needs.
- Bodily Injury Liability insures the injuries caused to the other party should you be at fault for the accident.
- Property Damage Liability insures damage to the other party’s vehicle or property should you be at fault for the accident.
- Personal Injury Protection insures the injuries caused to you and certain passengers of your vehicle up to $10,000 regardless of who is at fault.
- Uninsured and Underinsured Motorist Liability insures your resulting injuries should you be hit by someone who has no insurance, or who does not have enough coverage.
- Medical Payment Coverage provides additional medical assistance for you and certain passengers of your vehicle for emergency room visits, surgery and follow-up visits.
- Comprehensive Coverage covers your vehicle from fire, theft, acts of nature and acts of fowl.
- Collision Coverage covers your vehicle should you strike another vehicle or a non-moving object. You cannot purchase collision coverage without comprehensive coverage.
- Rental Reimbursement & Towing rental coverage becomes effective when you are involved in a claim that results in damage to an insured vehicle.
- Towing Coverage insures claim and non-claim tows based on policy specifics.
FL Low Cost Insurance Group – Your FL Motorcycle Insurance Professionals
Choosing the right insurance policy is much like choosing the right motorcycle. You want it to fit your needs and lifestyle, but at the same time be within your budget. Although most states require you to carry a minimum amount of liability coverage, other types of coverage are usually optional. Always ask your insurance agent or company representative which laws apply in your state.
Liability insurance covers bodily injury and property damage that you may cause to other people involved in an accident. It doesn’t cover you or your motorcycle. Find out if your coverage includes Guest Passenger Liability, which provides protection in the event that a passenger is injured on the motorcycle. Whether or not this is included depends on the laws of your state and the company issuing the policy.
Collision insurance covers damage to your motorcycle if you are involved in an accident. Your insurance company pays for damages, minus your deductible, caused when you collide with another vehicle or object. Collision insurance usually covers the book value of the motorcycle before the loss occurred.
Comprehensive coverage pays for damages caused by an event other than a collision, such as fire, theft or vandalism. However, just like collision coverage, your insurance company will pay for damages, minus your deductible, and will cover only the book value of the motorcycle.
Keep in mind most comprehensive and collision coverages will only cover the factory standard parts on your motorcycle. If you decide to add on any optional accessories such as chrome parts, a custom paint job, trailers or sidecars, you should look into obtaining additional or optional equipment coverage.
Uninsured/underinsured motorist coverage
Uninsured/underinsured Motorist Coverage covers damages to you and your property caused by another driver who either doesn’t have insurance (uninsured) or doesn’t have adequate insurance (underinsured) to cover your damages.
This coverage typically pays for medical treatment, lost wages and other damages. If your uninsured/underinsured motorist coverage includes property damage, then your motorcycle would also be covered under the same circumstances. Check with your insurance professional to see if property damage is included or needs to be purchased separately.
Tips for the cost-conscious rider
Many factors can play a role in determining what your insurance costs will be such as your age, your driving record, where you live and the type of motorcycle you own, or being a graduate of a rider-training course.
- Many companies offer discounts from 10 to 15 percent on motorcycle insurance for graduates of training courses, such as the Motorcycle Safety Foundation (MSF) rider course. Riders under the age of 25, usually considered a higher risk, may see some savings by taking this course. It’s also a good idea for cyclists who have already had accidents.
- Maintaining a good driving record with no violations will also help reduce your premiums.
- In many northern states, riders may save money by buying a “lay-up” policy. With a lay-up policy, all coverage except comprehensive is suspended during winter months.
- Find out what discounts your insurance representative offers. Multi discounts for those insuring more than one bike, organization discounts, if you’re a member of a motorcycle association, and mature rider discounts for experienced riders, are just a few possibilities. Discounts can range anywhere from 10 percent to 20 percent, depending on the company and your state. Availability and qualifications for discounts vary from company to company and state to state.
- Keep in mind that the type, style (such as a sports bike vs. a cruiser) and age of the motorcycle, as well as the number of miles you drive a year and where you store your bike may also affect how much you pay for your premium.
Let FL Low Cost Insurance Group help you choose a policy that will fit your individual needs. Protecting your assets, whether personal, business, or both, is our goal. A well-chosen policy can lessen the impact of some of life’s most common, yet unforeseen perils. We’re here to help when you are considering Motorcycle coverage.
ATV Insurance Coverages
To an ATV rider, there might be nothing quite like taking a ride out in some sand dunes out in the middle of the desert, or blazing through the trees in the forest. Whatever the activity, there’s no denying that riding an all-terrain vehicle is fun. However, it can also be risky.
ATV Insurance Coverages
With a good variety of coverage types available, you should be able to work with an ATV insurance provider to create a policy that can provide you with maximum protection. There are multiple types of coverages available that you can choose from to create a comprehensive ATV insurance policy.
Common types of ATV insurance coverages include:
- Bodily injury – This type of coverage with help pay for costs associated with injuries suffered by others in an accident for which you are responsible.
- Property damage – This coverage will help with costs relating to damaged property of others in an accident you cause.
- Collision – If your ATV is damaged in a collision, this coverage can help repair or replace it.
- Comprehensive – If your ATV is damaged in a non-collision incident, such as fire or vandalism, this coverage can help with repairs or replacement of your ATV.
- Medical payments – If you are hurt in an accident, this coverage can help you cover your medical costs.
Keep in mind that not all insurance companies are the same. While the above are common ATV insurance coverages, some providers may not offer all of these. On the other hand, you might find that some ATV insurance companies will offer much more than the above.
Make sure to find the right insurance provider that can offer you all of the coverage types that you need.
ATV insurance is often sold as part of a broader range or insurance. For example, several companies sell ATV insurance through their motorcycle insurance divisions, while other companies might sell ATV insurance through an Off-Road Vehicle (ORV) insurance division.
When getting an ATV insurance quote, think about which vehicles you might want to insure. Remember that many companies offer a discount for insuring multiple vehicles under one policy.
Often ATVs can be insured along with your:
- Golf cart.
- Dune buggy.
Let FL Low Cost Insurance Group help you choose a policy that will fit your individual needs. Protecting your assets, whether personal, business, or both, is our goal. A well-chosen policy can lessen the impact of some of life’s most common, yet unforeseen perils. We’re here to help when you are considering ATV coverage.
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An SR-22 is a certificate from a state licensed insurance company, an eligible surplus lines insurer, or a risk retention group. The insurer certifies on the SR-22 that you have purchased liability insurance that meets the minimum required limits of coverage for that state, and files the certificate with appropriate state Agency. SR-22 is proof of “future responsibility” and is posted to your driving record.
- Examples of When an SR-22 Certificate is Required
Most states require an SR-22 certificate be on file with DMV if:
- You failed to provide proof to DMV that you have liability insurance;
- You’ve been convicted of driving without insurance;
- You’ve been involved in an uninsured accident;
- You are applying for a hardship or probationary permit; or
- At the time of reinstating your driving privileges following a DUII suspension.
Note: This is not a complete list of reasons why an SR-22 filing would be required.
Possible License Suspension
Most state laws requires you to keep an SR-22 in effect for 3 years from the ending date of a suspension requiring an SR-22 or for 3 years and 33 days from the date of a driving uninsured conviction.
If you are required to prove “future responsibility” by having an SR-22 on file with your State Agency, a copy of your insurance card is not acceptable. An insurance card is required by law to be carried in any vehicle operated on most State highways; an SR-22 certificate is required by law to be filed with the State agency, and is posted to your driving record.
These State agencies monitors compliance of your SR-22 requirement. If you let it lapse for any reason, the insurance company must notify that State agency and your driving privileges will then be suspended.
If your driving privileges have been suspended because you did not get an SR-22 certificate and you later get insurance, be sure you do not drive until an SR-22 certificate is on file with DMV and your driving privileges have been reinstated. Please note that an SR-22 filing is made on the date it is received by DMV if it is received during regular business hours. An SR-22 filed with DMV must be an original, not a copy.
Out of State Filing of SR-22
You will probably need to file an SR-22 certificate with your home state, if you live out of state. Most states record all suspensions on a national computer system. Most state laws prohibits the governing agency from clearing the national system before all requirements are met, including an SR-22 filing. Most states check the national system prior to, or after issuing you a driver license. Most states will cancel or suspend your driving privileges if you are suspended in another state.
For information on which companies do business in your state you may contact your state insurance commissioner’s office, or your local motor vehicle state agency.
Let FL Low Cost Insurance Group help you choose a policy that will fit your individual needs. Protecting your assets, whether personal, business, or both, is our goal. A well-chosen policy can lessen the impact of some of life’s most common, yet unforeseen perils. We’re here to help when you are considering SR22 coverage.