Florida Auto Insurance – What you need to know about




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Coverage not mentioned. Stacked and Non-stacked uninsured motorist. If you have 2 or more cars you can stack the UM/UIM coverage for an additional cost. Essentially what that does is in the event you are hit by an uninsured/under-insured motorist if you stack it you get double the coverage. IE: UM 25,000/50,000 stacked. If you are hit by an uninsured motorist you can take an additional 25,000/50,000 from your other car so you are covered up to 50,000/100,000.

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State Min: PIP and PD is only required for basic insurance
Most common state Min: BI 10,000/20,000 PD 10,000

More common coverage (still low):
BI limits: 25,000/50,000 PD 25,000
UM/UIM 25,000/50,000 Comprehensive and Collision or UMPD

Most common Home owners buy for Auto:
BI limits: 100,000/300,000 PD: 100,000
UM/UIM: 100,000/300,000

Limits I currently carry (I’m not in FL)
250,000/500,000 PD 100,000 UM/UIM 250,000/500,000 Comprehensive minus 250 deductible and Collision minus 500 deductible.

BI = Bodily Injury PD = Property Damage
UM = Uninsured Motorist UIM = Under-insured motorist (UMBI/UIMBI = Uninsured/Under Motorist Bodily Injury)
PIP = Personal Injury Protection
Comprehensive = Other than collision
Collision = Coverage for your auto’s ACV (Actual Cash Value) minus your deductible

Disclosure: I am not advising you to take specific coverage. I am merely giving my opinion. I hope these ideas help you make a better decision on what types of auto insurance coverage will best suit you and your family. Please speak with your insurance agent for more specific advice. Choose your coverage at your own risk. I am not liable for any coverage you choose or don’t choose based on this video.

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