35+ Car Insurance Florida Requirements Hutomo from id.hutomosungkar.com
Introduction
If you're planning to lease a car in Florida, you need to know about the insurance requirements. Leasing a car is different from buying one, as you'll be required to have certain types of insurance coverage. In this article, we'll discuss the insurance requirements for car leases in Florida.
Liability Insurance
Liability insurance is required by law in Florida. This insurance covers any damages or injuries you may cause to other people or their property while driving your leased car. The minimum liability coverage required in Florida is $10,000 for property damage and $10,000 for personal injury protection.
Comprehensive Coverage
Most leasing companies in Florida will require comprehensive coverage, which covers damages to your leased car caused by natural disasters, theft, or vandalism. The amount of coverage required will depend on the leasing company, but it's usually around $500 deductible.
Collision Coverage
Collision coverage is another type of insurance that may be required by your leasing company. This coverage pays for damages to your leased car if you're involved in an accident with another car or object. The amount of coverage required will depend on the leasing company.
Uninsured/Underinsured Motorist Coverage
Uninsured/underinsured motorist coverage is not required by law in Florida, but some leasing companies may require it. This coverage protects you if you're involved in an accident with a driver who doesn't have enough insurance to cover the damages.
Gap Insurance
Gap insurance is not required by law in Florida, but it's a good idea to have it if you're leasing a car. This insurance covers the difference between the amount you owe on your leased car and the actual cash value of the car, in case of theft or total loss.
Conclusion
Leasing a car in Florida requires different types of insurance coverage than buying one. It's important to know the insurance requirements before signing a lease agreement. Make sure you have the required coverage and consider additional coverage like gap insurance for added protection.