What coverage is typically required by law when owning and operating a vehicle?

Liability insurance is typically required by law when owning and operating a vehicle because it provides financial protection for damages or injuries that the policyholder may cause to others while operating their vehicle. This coverage ensures that if an accident occurs and the insured is found legally responsible, there are funds available to cover the costs associated with the other party's medical expenses, property damage, or any legal claims that may arise.

Most states, including Florida, have minimum requirements for liability coverage, which are designed to protect the public and ensure that drivers can compensate others for harm caused by their actions. This legal obligation reflects the principle of responsibility that drivers have towards others on the road.

In contrast, comprehensive coverage, collision coverage, and uninsured motorist coverage are important types of insurance but are generally not mandated by law. Comprehensive coverage protects against damages from non-collision events, collision coverage is for damages from accidents regardless of fault, and uninsured motorist coverage protects against drivers who lack insurance. While these coverages serve valuable purposes, they do not fulfill the legal requirements for operating a vehicle.