Automobile Insurance 101

Automobile Insurance 101:

 Coverage for motorized land vehicles (e.g., passenger type automobiles, pickups, vans, trucks and motorcycles). The coverage can include loss or damage to the vehicle itself (evaluated at replacement or repair damage cost, actual cash value, or agreed value). It can also include loss, liability, or expense as a result of ownership, maintenance or use of any such vehicle. The coverage also includes medical, hospital and surgical benefits to injured persons, funeral and death benefits to survivors irrespective of legal liability if incurred while in, upon, entering into, alighting from, or being struck by a vehicle if such coverage is issued as part of a liability insurance contract.

There are several types of automobile insurance for private passenger automobile coverage (where natural persons are the named insureds and the vehicle is not used as a livery or rented to others):

  • Private Passenger Auto No-Fault (Personal Injury Protection or PIP)
  • Private Passenger Auto Liability (Liability of the insured for Bodily Injury
    or Property Damage inflicted and other coverages not involving
    damage to the vehicle itself)
  • Private Passenger Auto Physical Damage (Comprehensive, Collision, and
    miscellaneous other coverages involving damage to the vehicle itself)

There are also automobile policies for commercial entities (businesses). These include policies insuring vehicles with load capacities over 1,500 pounds, insuring more than four vehicles, garages, automobile dealers, repair shops, service stations and public parking places:Car-Insurance-Stock-Photo

  • Commercial Automobile Liability (Liability of the insured for Bodily Injury or Property Damage inflicted, Medical Payments, other coverages not involving damage to the vehicle itself)
  • Commercial Auto Physical Damage (Comprehensive, Collision, and miscellaneous
    other coverages involving damage to the vehicle itself)

Sited content is courtesy of Florida Office of Insurance Regulation.


Understanding Coverage:

D. A. Young insurance provides you with everything you need to know about auto insurance. Check out the following auto insurance articles and learn how to compare quotes, save money and find the right policy for you.

How Do I Shop for Auto Insurance?

D. A. Young has made it simple to shop for auto insurance online. To request free auto insurance quotes:

Click the link below, answer few simple questions and enter your ZIP Code.

Supply some basic information about your driving record, vehicle, and desired coverage levels.

Get ready to compare auto insurance quotes from leading insurers.

 Just 3 Quick Steps to Compare Your Lowest Rates – Only Takes a Minute 


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