What does property damage insurance on a car insurance policy in Florida cover?
First, it is important to note that property damage coverage, at a $10,000.00 limit, is required under Florida law. You can purchase more than $10,000.00 and with the cost to fix cars and the cost of cars nowadays, it is a good idea to have more than the minimum limits.
This coverage in Florida is indemnity coverage which means the insurance company will indemnify you against judgment for damages to another’s car or another’s property for an accident during the policy period and up to the policy limit. This coverage in Florida also generally provides a duty to defend, so if you are sued for causing injury to another car or another’s property, then your insurance company will hire a lawyer and pay court costs. This coverage protects YOU by shielding you against suit by paying judgment up to your limts and by shielding you against lawyer fees when you cause damage to property in your car.
Conversely, if your car is damaged by another person’s car, you would seek to have the car fixed or totaled through the other person’s property damage coverage in Florida.
It is important to note that every case is unique and should be judged based on the specific facts of the case. The advice in this blog is intended to be general in nature and should not to be construed as specific advice for a case, as a minor difference in the facts of the case could change the result. In this blog post, I am discussing property damage coverage in a car insurance policy and what it covers, both from standpoint of the person who purchases the policy as well as from the standpoint of the person whose car or property has been damaged. 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 from Florida.
