In Florida Auto Insurance is required if you wish to register a vehicle
to drive on Florida roadways, so you should familiarize yourself with
the coverage you're about to buy. This is especially true here since
there are so many variables to consider. In general, you’re going to
manage your insurance dollars well if you shoulder as great a share of
the risk as you can bare.
A good
rule is taught by our association is:
Don’t
buy insurance for the losses you can
afford; buy insurance to protect yourself
against the losses you can’t afford!.
By
becoming an informed consumer and
comparing insurance companies, you have
taken a great step in knowing what it is
your insurance covers you for. We here at
API Group and Financial want to make sure
you get the best value for your insurance
dollars. We also want to assist you in
understanding Florida Insurance as well as
Auto Insurance coverage. We are your
Trusted Choice Insurance advisor, and are
here to answer any questions about auto
insurance as well as any other lines of
insurance
Auto
insurance is like any other insurance, and
is a method of pooling the risks of many
drivers so that no one driver or class of
drivers have to bear the entire cost of an
accident at a given time. Accident
claims (click
for PDF) are paid from the combined
premiums of all those insured in
this pool. This is known as "spreading
the Risk"
For
example, if you were involved in an
accident or if your vehicle was stolen,
you would be indemnified even though the
premiums you paid didn't even begin
to approach the magnitude of you
loss. Other policyholders would help pay
for your loss through their premiums. Nice
of them huh?
