Tag: Bodily Injury Liability

Insurance Rates Rise in Florida

TALLAHASSEE — Floridians are driving more and getting into a lot more accidents, and they're paying the price with rising car insurance rates that are already among the nation's highest. Premiums have risen 14 percent statewide since Jan. 1 of last year — nearly the exact opposite of the ubiquitous TV commercials offering savings of 15 percent or more on car insurance. "People are driving more,"...

Brief Introduction to TypTap by Homeowner’s Choice, Inc.

Forget what you thought you knew about obtaining flood insurance. TypTap Insurance Company, a newly-formed HCI Group, Inc. subsidiary, is now Florida’s first licensed insurer to focus solely on flood insurance. This online platform for quoting and binding flood insurance policies promises to have you completely insured in mere minutes. TypTap was created in order to be an alternative to the National Flood Insurance Program....

Adjust Your Auto Policy To Protect You On Your Motorcycle

Although I’m a Risk Management Specialist, this subject will not be about the pros and cons of motorcycle ownership. There is an insurance coverage that is unknown to most, if not all, motorcycle riders I encounter – the coverage is Stacked Uninsured Motorist on their auto policy. What does your auto policy coverage have to do with your motorcycle one might ask? Uninsured Motorist coverage...

Why You Need Uninsured Motorist Coverage, Especially in Florida

In Florida, approximately 1 out of every 4 drivers are driving without automobile insurance. The Insurance Research Council ranks Florida in the top 5 states with uninsured drivers. In addition to the alarming number of drivers who simply do not have insurance are the drivers who only carry the bare minimum coverage necessary. Florida only requires evidence of Personal Injury Protection and Property Damage Liability coverage...

Automobile Insurance Terms

One of the first steps to determining what automobile coverage you need is understanding the insurance terminology on your automobile policy. Below you will find a glossary of coverage terms and basic definitions. If you would like more detailed information, please refer to the article specifically discussing each topic. Bodily Injury Liability – This refers to the liability amount of coverage available if you are responsible...