Tag: Insurance Warehouses of America

Before you breeze around Orlando, FL in your new sports car or exotic car, you’ll need to insure it against loss. That means insuring it with auto insurance from Insurance Warehouses of America that fully covers its unique glory.

When you purchase an exotic vehicle or sports car, you choose full coverage auto insurance because you want to protect your financial investment from the expense of needing to replace it out of pocket. These unique vehicles cost upwards of $100,000, so insuring them against collision and natural hazards makes sense.

Collision and Comprehensive Coverage

To completely protect yourself from out-of-pocket expenses, we suggest a little insurance alliteration – the three Cs of collision and comprehensive coverage. The state-mandated insurance in Florida only protects the other drivers on the road. To protect yourself from financial loss from needing to repair or replace your vehicle, you need collision and comprehensive.

Collision reimburses you for repairs or pays for the cost of replacing a totaled vehicle when you damage or destroy yours in a collision. It doesn’t matter what you crash into – another car, a fence, the garage wall, etc. Collision pays you for the damage to your own vehicle. It also pays if you let your teen or spouse drive your prized possession, and they crash it into another car, a fence, the garage wall, etc.

Comprehensive covers all the things that no one ever thinks will actually happen until they do. It covers natural hazards, man-made perils, and random acts of nature. That catch-all policy protects from everything ranging from fire and wildfire to protesters at a riot. If it damages your exotic car, it is covered. Falling tree branches, luggage that accidentally falls out of a plane, even if Wiley Coyote accidentally dropped a piano on your car, this covers your loss.

Contact Us Today

Reach out to us at Insurance Warehouses of America In Orlando, FL for auto insurance coverage that fully protects you from financial loss if your sports car or exotic car sustains damage or gets destroyed. Call or email us today to get your policy started.

Your first new car. You sign the loan or lease agreement and get your keys, eager to hit the road with your new investment in mobility. Especially if your previous car was a beater, this can be a watershed moment for you. Insurance Warehouses of America can help you with this. We serve Orlando, FL and we can serve you.

First New Car? Steps To Take

Think Small

If you look for the smallest car that can fit your family, you’ll save money. Not only up front but in the long run. Up front, an average compact SUV runs more than $10,000 more than the average compact car, and that’s before the additional price in fuel and maintenance that an SUV will charge you (a typical gas-powered compact SUV will get 14-23 miles per gallon, while a typical compact car will go around 24-35 mpg). Cars are simply less expensive, both up-front and in the long run than SUVs.

It doesn’t have to be new-new

Many dealerships now sell “certified preowned” cars. These are lightly used vehicles that have no damage or mechanical flaws but have technically been used before. Many certified pre-owned vehicles are closeouts from the previous model year. This can be a great way to get a car that looks, feels, and drives like a new car without the price hit and depreciation costs of a brand-new vehicle.

Get Insurance

This is generally automatic. In many states, the dealer will not let you drive off the lot unless you have insurance for your new car. If possible, shop for your new car insurance before you ever set foot on the lot. If you’re shopping for a new car in the Orlando, FL area, talk to Insurance Warehouses of America so that we can help you get the best rates on your new car.

Florida is a no-fault state. It also has limits on the amount that you can sue the driver who is responsible for an accident. At Insurance Warehouses of America in Orlando, FL we know that no-fault can be very confusing, and we are here to help our customers and potential customers understand what coverage they need and also what options they have. 

Why basic auto insurance may not be right for you

In Florida, the basic amount of auto insurance that you must have is $10,000 in PIP and a minimum of $10,000 in PDL. PIP is personal injury protection which will pay for injuries that you sustain in an auto accident. PDL is property damage liability, which is what will be paid for damage to someone else’s property. 

When you think about what a hospital stay can cost, you realize that $10,000 is about what one visit to the emergency room can cost. An extended hospital stay could run into hundreds of thousands of dollars. With the current cost of vehicles, $10,000 doesn’t go very far either. If you don’t want to end up owing massive amounts after an accident, basic auto insurance may not be enough to protect you. 

For those who have an auto loan or a lease, basic insurance will not be acceptable. You will also need to carry collision and comprehensive to protect the vehicle. 

Get The Right Insurance Coverage For Your Vehicle Today

Even if you don’t have an auto loan, collision and comprehensive coverage may be something you need. It will help to repair or replace your vehicle if it is damaged in an accident or by much other non-accident damage. Comprehensive will also cover the theft of your vehicle. If you count on your vehicle, it is important to make sure it is protected. 

Contact Insurance Warehouses of America in Orlando, FL for help with all your auto insurance needs. 

If you just moved to Florida, you discovered how differently it handles its auto insurance requirements from other states. Living in Orlando, FL has its joys and its quirks, and insuring your auto definitely falls under the quirky. Insurance Warehouses of America is here to provide you with expert advice. 

Other states in the US require drivers to carry liability insurance covering bodily injury or death and property damage. Some also require personal injury protection (PIP).

Florida Minimum Auto Insurance

In Florida, you’ll need to carry a policy that provides at least $10,000 in PIP and $10,000 in property damage liability (PDL). The difference stems from Florida’s designation as a no-fault state. That means that whether you caused the accident, or the other driver did, you will each pay your own medical costs.

Your PIP coverage does this. It will also cover the passengers you have with you in the vehicle when you incur an accident. Any damage to your vehicle, PDL covers.

It’s Different if You Drive a Taxi

In Florida, the driver of a taxi must carry different insurance than an individual driver with a non-commercial license. To insure their taxi, a taxi driver must carry PDL coverage of at least $50,000 and at least $125,000 per person in bodily injury liability (BIL) coverage, but twice that amount –  $250,000 per accident.

Contact Insurance Warehouses of America

Don’t drive the roads of Orlando, FL without auto insurance. Contact us to obtain the auto insurance you need to protect yourself financially and comply with Florida state law. We can help you customize your insurance to also include comprehensive, collision, roadside assistance, and to add to your BIL or PIP coverage. Call us today.