What does collision coverage on a car insurance policy in Florida cover?
Generally, this insurance covers your car when it is damaged in a collision, regardless of fault. This insurance is not required under Florida law; however, generally, when you have a loan against the car, the lender will require you to have this coverage. This is first party coverage, which means that you are making the claim against your own insurance company. Usually, this coverage has a deductible – $250, $500 or $1000. Generally, it is used when you are at fault and cause the damage to the vehicle. However, in some scenarios, it may be used even when another person is at fault, like if the other person does not have any insurance on their car or does not have enough insurance.
It is important to note that every case is different and unique and should be judged based on the specific facts. The discussion in this blog is intended to be general in nature and should not to be construed as specific for your case, as a minor difference in the facts of the case could completely change the result. Here, the blog is discussing generally what collision coverage covers on a car insurance policy in Florida. Also, this blog is, as the web site suggests, based on Florida law and the laws of any other states or even another country could vary drastically from Florida. Please feel free to call with your questions, as I offer a free consultation.
