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 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?