Del Toro Insurance
Fomentando el camino hacia la industria de los seguros
América TV captó todo lo que fue el fórum y la celebración de los 25 años de Del Toro Insurance. Con Del Toro Insurance tienes todo lo que necesitas para estar bien asegurado y además crecer profesionalmente con tu propia franquicia. Si eres emprendedor y quieres asegurar tu futuro empresarial con una marca consolidada!! Esta es tu oportunidad, completa el formulario y uno de nuestros agentes se estará comunicando contigo con todas las dudas que tengas para emprender tu negocio.
Annual Convention of the FAIA
June, 2024
As part of our participation in the 2024 Convention of the Florida Association of Insurance Agents FAIA held in Orlando, Del Toro Insurance held a seminar to promote the growth of the insurance industry through franchises. Entrepreneurs and business owners participated in the event.
Del Toro Insurance 25th Anniversary
Del Toro is a family business and that has defined much of the path it has traveled to this day. The main reason for starting out in this industry has been to contribute to a community that needs us and with which we feel an eternal commitment. Growth would not have been possible without the support and permanent exchange with our community whom we have tried to serve with immense respect.
On the other hand, we have tried to provide a service that is also deeply rooted in family values because we consider that targeting the well-being of families in a society that is transforming day by day is essential. We have simply delivered transparency, honesty, trust and loyalty, which I believe have really been the key to being able to treasure the preference of our clients over the years.
Time really passes very quickly. We began our journey in a small office located in the west of the county. Today we are a solid company with a commercial presence throughout the state of Florida and an increasingly large group of franchisees who have opted to be part of the Del Toro family, making our business model their own. To our pride, the vast majority have been families that have turned to entrepreneurship and that, today, replicate those values of transparency, honesty, trust and loyalty to their clients.
Dec 28, 2023
Florida adopted a no-fault insurance law in the 1970s. The state was not alone, with almost half of the other states also using this option. Today, Florida is one of twelve states that continues to use a “pure” no-fault insurance law, while other states offer an add-on or choice option for no-fault insurance.
Basically, no-fault insurance allows the policyholder to have PIP or personal injury protection that covers medical bills and loss of wages of up to $10,000. The policyholder claims their own insurance company, regardless of which driver was at fault for the accident. In other words, both the at-fault and the driver who had limited or no fault in the accident have the same level of coverage.
Each insurance company in Florida offering car insurance must work within the laws created by the government. This has a direct impact on the rates for car insurance in the state, which are currently some of the highest in the country. In addition, with an increasing number of personal injury claims car insurance premiums are likely to continue to rise, creating challenges for drivers throughout the state.
Del Toro Insurance works with vehicle owners to find the best car insurance premium rates. Our agents assist customers in understanding vehicle policies and ensuring they have the right coverage based on their vehicle, driving needs, and financial considerations.
One of the most important advantages of no-fault insurance is the ability for the policyholder to file a claim with their insurance company and have a fast payout up to the limit of $10,000.
This is only possible as the insurance company does not need to investigate the accident and gather information to determine if the claim is from the individual who caused the accident or the driver or drivers that were not at fault or less at fault.
This can be a lengthy process in states that have at-fault insurance laws on the books. Injured individuals could wait for months or years if the claim goes to litigation.
The choice of no-fault policies protects anyone injured in an accident from medical bills and loss of income if it applies to the specific case. However, the cap is at $10,000, which may not provide the coverage needed for significant and long-term injuries.
Another benefit of no-fault insurance is reduced litigation. Theoretically, only injuries or claims that exceed a threshold amount are eligible for litigation to help recoup the medical costs, lost wages, and potential pain and suffering of individuals involved in serious vehicle accidents.
The most commonly cited disadvantage to no-fault coverage is an increase in fraud. Individuals can make fraudulent claims for “swoop and squat” or staged accidents as there is no investigation into the crash’s cause. These individuals typically work with disreputable medical health professionals to generate the necessary documentation of injury, meeting the criteria for making a claim.
The result is that any insurance company in Florida offering car insurance faces an increasing number of yearly claims. This higher level of payout results in increases in premiums for all Florida drivers. A higher car insurance premium then adds to the number of uninsured drivers on the road, which also has implications for insured drivers.
Let the experts at Del Toro Insurance help you find affordable car insurance premiums with a leading insurance company. Drop by our locations in Hialeah Gardens, Margate, Homestead, Palmetto Bay, Cutler Bay, Hialeah Gardens, North Miami Beach, Coral Gables, Hialeah, Naples, and Miami, Florida, or call us today at 305-335-8676.
No-fault insurance allows the policyholder to claim up to $10,000 with their insurance company regardless of who was responsible for the accident.
PIP is vehicle insurance that pays for your medical bills, lost wages, and other specific expenses if you are injured in a car accident.
BIL is insurance that pays the medical costs of others who are injured or killed as a result of your actions.
UM insurance covers injuries to the driver and passengers if you are in a hit-and-run or involved in an accident with another driver who is not insured or underinsured.
The higher the number of claims, the higher the insurance premiums in no-fault states.
With no investigation of the accident and immediate payout, fraud increases in no-fault insurance states.
Staged accidents increase with no-fault insurance.
Claims processing is fast and efficient in no-fault insurance states.
No-fault insurance restricts litigation unless the medical bills and other related expenses exceed specific thresholds.
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