If you have heard this once, then others may have heard it a hundred times: “I’m fully covered.” Being fully covered has various meanings to different people. In cases like automobile collision that results to personal injury, your coverage is not complete, provided you have uninsured motorist coverage.
In Florida State (on the subject of personal injury claims), drivers are only allowed to carry no-fault insurance or Personal Injury Protection (PIP). Personal Injury Protection is a type of insurance coverage supplied by your insurance provider. It is designed to pay for any lost wages (for few cases) and your own medical costs.
The law in Florida requires coverage that amounts to $10,000 dollars. It simply means, you can drive your car down the road and if a third-party driver hits your own car (causing you some bodily injuries), then you come up with medical bills and permanent injuries in excess of $100,000. Florida is required by law to have all drivers the right coverage from their insurance provider—to pay for the medical cost up to $10,000 (irrespective of who is at fault).
The same Florida law doesn’t obligate car owners to carry their liability insurance (insurance in bodily injuries) in covering claims of the injured person due to the negligence of the driver. Therefore, if you are planning to buy your auto insurance, you are required only to purchase PIP coverage. An insurance agent can tell you that you have full coverage because you have fulfilled the law in Florida. However, nothing is further from the reality.
It’s very important to have your own uninsured motorist coverage. To be able to understand the significance of this coverage, you can differentiate it from the bodily injury coverage. Always keep in mind that neither bodily injury coverage nor uninsured motorist coverage is required by law in Florida.
Bodily injury insurance gives you coverage claims from others you caused injury to due to your negligence in driving resulting to accident. For instance, it happens when you’re running a red light and you hit an automobile (causing injuries to the ones aboard). You’re covered by bodily injury insurance if the occupants take legal action against you seeking for financial damages because of the injuries they suffered.
This coverage is so important in protecting assets that you may have collected through the years. However, what will happen if you’re driving your car and you got hit by another car injuring you with more than $100,000 cost of medical expense? The other careless driver that hit you is required only to carry PIP coverage. He does not need to have bodily injury insurance to get claims from his insurance company for your permanent injuries and unpaid medical bills.
It only means that if such careless driver has no sufficient assets to pay for your medical bills, then you’re out of luck. That negligent driver has acted in accordance with the law. The question is: “Do you have the full coverage now?” This is the reason why uninsured motorist coverage is so vital for consumers and that they need to buy it.
You can buy uninsured motorist coverage to give you the protection if you sustain bodily injuries due to the negligence of another driver who has no bodily injury insurance, or if such driver has no sufficient bodily injury insurance that covers accident damages.
In other words, if you have uninsured motorist insurance, you’re capable of getting claims against your own company because you’re covered for the damages caused by the negligence of another uninsured drivers. Furthermore, the extra cost for this insurance is worth the benefits. For this reason, it is recommended to take a look at your car insurance policy now. By doing so, it’ll allow you to see if you have enough uninsured motorist policy from your insurance provider.
To learn more about Uninsured Motorist Insurance in Florida, please contact us at DMG Insurance and Financial Services, Inc. (http://www.dmginsurance.com) at 543 N State Road 7, STE 106, Royal Palm Beach EL, 33411, phone 561 422 7071, Fax 561 422 7072.