The Danger of Being Insured with the “State Minimum”

The Danger of Being Insured with the “State Minimum”

July 24, 2020
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Did you know that In the State of Florida the state minimum coverage for auto insurance is only $10K/$20K/$10K?  This means this is 10,000 of bodily injury coverage per person, no more than 20,000 paid per accident, and 10,000 in coverage for property damage.  This may seem like enough coverage, but if you are the cause of accident, and the vehicle is a Tesla, and the driver is seriously injured, $10,000 does not go very far.  Or worse, you cause a multi vehicle accident.   If you cannot pay the remainder when your policy limit is reached, you could be sued to cover the rest of the costs.  A lawsuit can result in a liquidation of assets or a wage garnishment.

Driving a car is the biggest risk most people take every day and doubling or even quadrupling your coverage costs less than you would think!   The agents at Underwood Anderson have the experience and expertise to tailor a policy to fit your specific needs.  We have been serving Pensacola since 1982, and we are here to assist you with any of your insurance needs.  We encourage you to review your auto policy periodically to make sure your coverage meets your needs.  Please call us today to discuss your coverage options!