
By the time a person is an automobile accident, it is too late to purchase additional coverage or get coverage in place if it had lapsed. The time to get the insurance papers and coverage in place is prior to the accident. Here are the types of coverage available in the State of Florida:
Property Damage Coverage. This type of insurance will pay the other vehicle owner for his or her property damage if you are at fault for the accident. Minimum state required coverage is set at $10,000. Additional coverage can be purchased which will result in higher premiums. If a person has property damage in excess of $10,000 and you only have $10,000 in coverage, the other vehicle owner can come after you for the additional damage. Your insurance company is only obligated to pay out what you purchased in insurance coverage. It is advisable to get more than $10,000 in property damage coverage.