Securing auto insurance around the Brandon, Lithia, Valrico, Riverview, and Tampa, FL areas requires a lot of consideration. It is difficult to come up with an exact figure for the amount of coverage you will need in the event something happens to your vehicle. Moreover, the policy of your choice needs to comply with Florida state law. You will need expert help in selecting the right policy, and Romero Insurance & Financial Services is prepared to walk you through the process.
Why You Need Auto Insurance
Auto insurance coverage will protect you against financial losses that could occur as a result of driving a vehicle that becomes damaged or stolen. These types of policies are divided into two parts consisting of collision coverage and liability coverage.
Collision coverage is designed to protect you from the potentially high costs of repairing your own vehicle following an accident. Therefore, if you hit another driver’s vehicle, your collision coverage will pay for the repairs to your own car. Should your vehicle become totaled in a wreck, your collision coverage will pay you for the current value of your car before it was damaged. Typically, collision coverage is optional; however if you finance your car through a dealer or other lender, it is normally required prior to you being qualified for the loan.
Liability coverage is the other part of your auto insurance policy. This component will pay for the damage incurred if you are at fault for causing an accident. For example, if you run into another vehicle, your liability coverage will pay to repair the other driver’s car. In addition, this portion of your auto insurance policy will pay for the medical bills that may be incurred by any individuals who are injured in the wreck and, if you cause damage to other property such as a building or a fence, it will also pay for some or all of the necessary repairs.