Florida Auto Insurance - What Is Waiver of Deductible Collision:

Waiver of deductible collision is a clause that cancels the payment of the collision deductible by the insured person, in case he or she suffers an accident wherein an uninsured or hit-and-run driver is at fault.

You can add these waivers to your existing auto insurance policy and then attach it to the monthly premiums. This expansion (i.e. adding waiver of deductibles collision) will act as insurance in the event you suffer an accident with a vehicle which is not insured. In such a situation, you won’t need to pay the deductible, provided that the law deems the uninsured person responsible for the accident. You’d need to identify the other driver and his/her vehicle.

Is this Addition Mandatory?

The auto insurance laws vary among different US states. For instance, the state of California has made it compulsory for the insurance companies to offer this coverage. Thus, based on the state you reside in, it may or may not be mandatory for you to purchase this additional deductible coverage. However, it’s a better idea to include this addition even if it’s not mandatory in your area. By paying a few extra dollars every month, you can actually save thousands of dollars in an event of a mishap.

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