The statistics will show over 8,000 suspicious claims last year in 2010, which is up from just over 7,000 in 2009 and close to 6,000 in 2008.

Nearly 90 percent of the fraudulent claims were based personal auto insurance and insurers’ top reasons included faked or exaggerated injuries, fake accidents and overly excessive treatments. The rest, in order from most to least, were for items like commercial auto insurance, homeowners insurance, commercial general liability insurance and Florida workers compensation.

A current Bill is being offerd to help decrease Florida auto insurance fraud and staged accidents, HB 967 and SB 1411, and is coming to the end of the legislative process. A very important property insurance package, SB 408, that aims in part to target fraudulent and inflated homeowners claims, including those for all of the damage that is caused by sinkholes, has moved through three committees.  What do Floridians think about this new legistlation?

Ponte Vedra Beach, Florida — This is an Florida auto insurance article that explains a great deal relating to license suspension.

An individual that loses the privilege to drive in the Sunshine state can dramatically increase their future Florida auto insurance premiums.  The suspension of a driver’s license can bring your Florida car insurance premiums through the roof.   It really depends on the circumstances of the driver’s suspension, but unquestionably a policy holder will see a large increase in premium.  The consultants at Edge Auto Insurance specialize in getting their clients the best auto rates in the market place.  If you would like to reduce your premium costs without reducing coverage limits, give us a call today! 1-800-554-9142   

FLORIDA AUTO INSURANCE QUOTES    

You will come to understand that there are a variety of ways in which a license can become suspended in the state of Florida.  It will vary from state to state, but some of the ways an automobile driver can lose their ability to drive, would be committing certain legal offenses like; not paying child support, missing a court hearing for probation, and in some instances due to treatment for alcohol dependency.  While many of these causes do not instantly change your cheap auto insurance rates, the loss of your driver’s license due to traffic violations and points on your license will cause your rates to jump up. 

It really doesn’t matter what the reason was that caused you to lose the privilege to drive in the Sunshine state.  A Florida car insurance policy holder with a brand new vehicle should not get rid of their coverage because they have momentarily lost the ability to drive.  If you have financed any portion of the car through a bank, they will make sure that you keep your comprehensive and collision coverage on the vehicle at all times.  You still need to make sure that quality coverage is in place in the event the car is stolen, lost, or damaged.       

In most states, like Florida, necessitates that owners of a car must keep a proper policy in place in order to keep it in good standing with the registrars department.   If the state finds out that the car is registered, but has zero insurance, then the state will most likely suspend your plate for nearly three years.  Make sure that doesn’t happen and get a new auto insurance quote today!

ABOUT EDGE AUTO INSURANCE

Edge Auto Insurance is your trusted source for reviewing, comparing, and purchasing the best auto policy in Florida.  To get the best news and information on the Web related to Florida auto insurance, please visit the Edge auto insurance blog today.  Consumers get the chance to view important terminology related to automobile insurance via our Florida auto insurance glossary of terms.  The power of information we offer consumers and clients will result in the best possible premiums for your coverage’s.  Get a quote today by calling Laurin Agnew… ]]> http://www.edgeautoinsurance.com/blog/florida-auto-insurance-news-on-license-suspension/feed/ 0 http://www.edgeautoinsurance.com/blog/florida-gap-insurance-coverage-for-auto/ http://www.edgeautoinsurance.com/blog/florida-gap-insurance-coverage-for-auto/#comments Fri, 17 Dec 2010 02:10:58 +0000 admin http://www.edgeautoinsurance.com/blog/?p=37 Jacksonville, Florida — Make sure that you have the proper GAP insurance coverage for your auto policy in Florida.  This Guaranteed Auto Protection insurance is an optional type of insurance policy that offers protection against financial liability for people who have bought a vehicle on loan and the actual cash value (ACV) or the market value of the vehicle is less than the amount owed on the loan.

Based on the auto insurance policy, GAP insurance normally provides coverage against thefts and accidents. However, the terms of the insurance policies vary and so, it’s better to carefully evaluate the terms and conditions of the GAP insurance policy before purchasing one.

• How does GAP insurance works?

To get an idea of how GAP insurance works, consider the following situation:

Suppose you purchase a new vehicle on loan for $22,000. You make the down payment of $600 and agree to pay $300 as monthly installment. Now, six months later, the value of your car decreases to just $16,000. After six months, you’d have paid $2,400 (six monthly installments in addition to the down payment). You still owe 19,600 on the car. At this time, your vehicle meets an accident. In such a case, your insurance company will pay you just $16,000 and not $19,600. Now, if you don’t have a GAP insurance, the additional $3,600 would come out of your pocket.

Have you ever wondered if you need to buy rental car insurance?  In some cases the liability coverage from your personal auto insurance will transfer to the rental car.  If you have comprehensive and collision coverage on your vehicle it will in most cases transfer to the rental car as well.  So don’t be fooled by the rental car companies out there trying to hard sell you on the insurance if you already have the appropriate coverage.

Miami, Florida — Have you found the Florida auto insurance policy you have been searching for? If so, you do not have to do anything else because you now have the coverage you have wanted. If you don’t, it is time to move forward and really get down to business. Finding the right policy can be quick and painless even if you have not had success in the past. A few changes here and there may be all you need to make this happen. 

If you have never hired a Florida auto insurance broker now may be the time to do so. When you do this you are taking your search to a new level. Instead of being on your own and hoping to find the right policy, you are getting the assistance of a professional who knows just where to look and what would be best for you. Sometimes all it takes is hiring a professional to see just how simple this can be. 

Of course, you need to have some knowledge of the industry as well. Most importantly, what do you want to accomplish during the shopping process? If you know what type of Florida automobile insurance you want it is easier to find it on your own or with the help of an agent. Take notice of what you like and dislike, and then use this information to get what you want. 

Finding Florida auto insurance can be easy. Where are you standing right now?

To find the right policy you need to get smart about how you search. For instance, if you are not using a broker now may be the time to hire one. A good Florida car insurance broker is only one phone call away. From there you will have a professional working for you. Simply put, you need to change your way of doing things if your current method is not working. And for many, this means hiring a Florida health insurance broker. 

There are hundreds of policies available for purchase. Which one are you going to choose? Until you compare a few you will have a hard time making a decision. Be open to all Florida car insurance policies so you can see what is out there and what you need. 

All in all, good Florida health insurance is available. Are you going to do whatever it takes to find it? If so, you will have a quality policy in your name in no time at all. 

Jacksonville, Florida — Believe it or not, many people need Florida auto insurance but forget about it because they get busy with life. Obviously, this is not something that you want to do. It is important to have the right Florida auto insurance so you are protected at all times. Not only will this type of policy push you to see a doctor when you need help, but it also allows you to spend less money. And who doesn’t want to save when possible? 

If you are thinking twice about buying Florida auto insurance you need to consider exactly where you stand. Do you have any insurance? If not, you don’t really have a choice. When you don’t have Florida auto insurance you have to get something even if you are busy with other areas of your life. Fortunately, you can quickly buy a policy if you are willing to move forward at once. Even better, you can hire a Florida auto insurance broker so you don’t have to do much of the work. 

You should never think twice about buying Florida auto insurance if you know that you need it. The longer you put this off the better chance there is that you will eventually forget about it. Why take this risk? 

All in all, if you need Florida auto insurance you should begin to shop for it today. Waiting even another day puts you at a bigger risk. ]]> http://www.edgeautoinsurance.com/blog/florida-auto-insurance/feed/ 5