How Much Insurance Should I Have in Hypoluxo?

Since collisions can cause catastrophic losses, while the cost of obtaining

coverage higher than the State mandatory amount is relatively minimal,

you should consider purchasing the highest amount of uninsured/

underinsured motorist protection coverage that is offered. A family or

personal auto policy typically can cover losses up to $500,000/$500,000/

$100,000 or more. Some of our clients have increased their coverage from 19

$20,000/$40,000/$15,000 to $500,000/$500,000/$100,000 without

increasing their premiums by more than 20%. So for a few hundred dollars

a year, you may also be able to obtain higher amounts of insurance by

purchasing an umbrella policy which can also be relatively inexpensive;

however, you should attempt to obtain an umbrella policy from an insurer

that offers matching uninsured/ underinsured motorist's coverage.

Also remember that, since under Florida state law the uninsured/

underinsured and liability portions of your policy must have matching

coverage amounts unless you sign a waiver to the contrary, that a few

hundred dollars extra per year will also provide increased liability

protection in the event that you injure someone while negligently

operating your motor vehicle.

Before you decide how much insurance coverage is right for you, we would

recommend that you answer these questions before you purchase

insurance:

• If I cause a serious collision, do I have adequate insurance to

protect my home and other assets?

• Have I purchased the maximum PIP available?

• Does my vehicle insurance provide enough coverage to pay for long

term medical care for myself and my loved ones if we are injured by

an underinsured driver?

• Will my coverage provide full compensation if injuries or disability

prevent me from returning to work?

• Will there be enough insurance available to pay for training and

education should disability force me to change my career?

• Will my underinsured motorist benefits pay for any ongoing and

future home care that I or a loved one may need?

When you are injured in an auto accident, you should not have to worry

about how much insurance coverage may be available. You should know

that you have purchased the highest amount of coverage possible to help

protect you, your loved ones, your family members or any occupants of your

motor vehicle.