Florida is a no-fault state that will allow motorists to have a very minimal amount of insurance coverage to operate their vehicles. In many cases, a person may only have $10,000 worth of personal injury protection coverage when operating their vehicle. Having such low coverage is what many attorneys refer to as being underinsured.
In reality, a $10,000 policy is probably barely enough to cover an initial ER visit, let alone all the other medical care and damages that an injury victim may endure.
The Florida Department of Motor Vehicles also estimates that 1 out of 7 people operating their vehicles in Florida are uninsured. This means that there is no coverage at all to protect the parties if an accident occurs. Although operating a vehicle without insurance is illegal, it still happens. That is why you are always encouraged to take advantage of uninsured motorist coverage in Florida.
What Is Uninsured Motorist Coverage In Florida?
Uninsured motorist coverage is an additional insurance policy that you can purchase to give yourself added protection while driving. If an uninsured motorist strikes you, Florida residents face large medical bills and other financial losses. When you have this added protection, you will be able to have more of your losses covered.
What Does Uninsured Motorist Cover In Florida?
When it comes to uninsured motorist coverage Florida residents will benefit in several ways. First, this will give them the added insurance protection they need if they are in an accident with underinsured or uninsured people.
Additionally, Florida uninsured motorist coverage also protects passengers in your vehicle and protects you and your family if you are involved in an accident in someone else’s vehicle.
Not many people realize that their personal car insurance often covers most of their medical costs and losses in an accident, even if someone else was at fault or if the accident occurs in a vehicle not owned by the injured party.
Uninsured motorist Florida policies also cover you if you were hit as a pedestrian or in a hit-and-run accident. This policy will also cover your family members under these same situations.
Is Uninsured Motorist Coverage Required In Florida?
No. Florida does not require that you have uninsured motorist coverage. However, to operate a vehicle in Florida, you need to carry a minimum policy, often referred to as PIP or Personal Injury Protection policy.
If you have a vehicle that is being financed, the finance company may require you to carry full coverage on your vehicle. However, full coverage is generally only the addition of comprehensive and collision coverage to your policy. Full coverage does not automatically provide you with uninsured or underinsured motorist coverage.
Do I Need Uninsured Motorist Coverage In Florida?
It is always beneficial to carry Florida uninsured motorist or underinsured policies. These policies will give you additional protection if you are involved in an accident with someone that has minimal coverage. You will also be protected under different accident circumstances as well.
You will most likely have to require this type of insurance from your provider. Many of the larger insurance companies do not openly promote this type of coverage because of its benefits. A few of the largest insurance companies will not even sell uninsured or underinsured riders for their policies.
You will have to pay extra for carrying this type of insurance policy, but it will be worth the expense. The last thing that you want to face is huge medical bills or other financial losses.
Speak With An Uninsured Motorist Attorney
If you have been involved in an accident where the responsible party was uninsured or underinsured, it will be crucial to speak with an attorney. Your attorney will be able to manage your case so that you can get the best possible outcome for your losses.
When an attorney manages your claim, they can work with all the insurance companies involved to produce the best possible claim for compensation. Your attorney understands the laws and the terms of these insurance policies to help you get the most for your claim. If you have been injured by a vehicle, either in another vehicle or as a pedestrian, speak with an uninsured motorist attorney today.