Florida Minimum Auto Insurance Requirements
This type of coverage must be at least $10,000 in Florida and pays for medical bills after a crash
What is Personal Injury Protection
This is the amount of money you pay regularly to keep your insurance policy active.
What is a premium?
This type of coverage pays for injuries or property damage you cause to others.
What is liability coverage?
This type of value pays to replace your item with a brand-new one of similar kind
What is replacement value?
in auto insurance, this is the amount you pay before the insurance company pays the rest of the claim.
What is a deductible?
Florida requires at least $10,000 of this property-related coverage.
What is property damage liability
This is the amount you must pay out of pocket before your insurance starts to cover your expenses.
What is a deductible?
This coverage pays for damage to your own car after a crash, no matter who is at fault.
What is collision coverage?
This type of payout subtracts depreciation and gives you what your item was worth at the time of loss.
What is actual cash value?
in health insurance, this is the amount you pay every month to keep your coverage active
What is a premium?
Florida is one of the few states that does NOT require this type of coverage that protects you if you injure someone.
What is Bodily Injury Liability
This insurance professional evaluates risks and decides if a person or property can be insured.
What is an underwriter?
This coverage protects your car from non-crash events like theft, fire, hail, or hitting an animal
What is comprehensive coverage?
This part of renter's insurance pays for a hotel or food if your apartment becomes unlivable after a covered loss.
What is loss of use?
In auto insurance, this coverage pays for injuries and damage you cause to others in an accident
What is liability coverage?
Florida also does NOT require these two important coverages that protect your own car from damage.
What are Collision and Comprehensive?
This professional uses statistics and math to calculate the likelihood of risks and set insurance rates.
What is an actuary?
This coverage pays for your medical bills (and sometimes passengers') after an accident.
What is PIP?
This section of renter's insurance covers injuries to guests in your rental even if you weren't at fault.
What are medical payments to others?
in renter's insurance, this person evaluates and calculates risk for the insurance company.
Who is an underwriter?
This is the term for Florida's rule that drivers use their own insurance first for medical costs after an accident.
What is the No-Fault System?
This person sells insurance policies and acts as a link between clients and insurance companies.
What is a broker?
This type of insurance protects you when the driver who hits you has little or no insurance.
What is Uninsured/Underinsured Motorist
This type of damage is not covered by most renter's insurance policies unless you buy a special policy.
What is flood or earthquake damage?
This basic insurance term means the maximum amount an insurance company will pay for a covered loss.
What is the policy limit?