Having access to uninsured or underinsured motorist coverage in Florida can be one of the best ways that you can prepare for the worst-case scenario. One out of every four drivers in Florida does not currently carry any type of auto insurance which puts customers at extreme risk when they are on the roads. When you are speaking to an insurance agent it’s important to consider adding additional levels of insurance to your policy to protect you and your family. Opting out of using some type of UM on your insurance could be a disastrous result as the consequences of a critical injury could be costly for you and your family. Here is why you should have UM in Florida.
If an uninsured or underinsured driver hits you it’s possible that you may not be able to access the full amount of compensation that is required to pay items like your medical bills, lost wages or even other expenses associated with the accident. It’s extremely important not to tempt your luck and to consider using UM when you go to purchase or renew your auto insurance policy. This truly is a feature that can help to keep you and your family safe and prevent disastrous consequences during an accident.
Why I Need This Coverage?
Uninsured or underinsured coverage can protect individuals that are injured in accidents which are caused by motorists that have little auto insurance or no auto insurance coverage at all. This type of auto insurance coverage comes highly recommended especially in the state of Florida.
Florida is a state that has no-fault insurance and this means that companies will cover their own policyholder in the event of a minor accident. Drivers will need to purchase some form of personal injury protection insurance and this typically covers around $10,000 in medical bills as well as related expenses throughout an accident. If you are seriously injured in a car accident and you need to recover more than $10,000 to cover your bills, you might be forced to open up a personal injury claim against the other driver who was at fault.
A personal injury claim can often be a costly process, making an effort to have access to this extra coverage could help to make sure that you can quickly recoup these costs without a lengthy court battle. If someone does not have the insurance policy that is able to cover your injuries, you need to work at relying on new methods in order to cover your injury.
Purchasing UM insurance can pay out for some of the damages that go beyond PIP insurance. You can also add in more of your expenses like lost wages as well as pain and suffering that are not typically cut averred under PIP. If you have UM you’ll be able to recover the compensation that you need by working with your own insurer rather than having to go through a lengthy suit.
How Much Will UM or UIM Cover?
Purchasing your own bodily injury liability coverage and the amount of UM or UIM coverage that you feel most comfortable with. The total amount that you are able to purchase comes down to the amount of bodily injury liability coverage that you have access to. BI coverage is your basic insurance policy and if you’ve purchased $50,000 in BI coverage, you will be capped to a maximum of $50,000 for your UM or UIM coverage as well. The amount that you can purchase as an addition with UM and UIM is completely limited to your current insurance policy and what you have available on it.
Handling liability issues within insurance can be particularly complex but going without any type of insurance policy for uninsured or underinsured motorist coverage could be detrimental and risky for your safety. The amount of view I am and UM coverage that you are able to purchase depends on your comfort levels but accessing this type of coverage can help to make sure you can recover the compensation you need to move forward. With you been injured in a hit-and-run accident or you’re involved in an accident with a driver that has elapsed insurance policy or a lower insurance policy, working through Um or UIM insurance can be the easiest way to recoup funds quickly.
If you’re involved in one of these cases it’s always best to get a legal professional to help you navigate the process of recouping funds. Contact us today to learn more about the process of UM or UIM coverage in Florida.