Lets say you’re involved in an automobile accident in which the other driver is at fault; it’s safe to assume that the at-fault driver’s car insurance will pay for the damages right? Not exactly, because if the individual who caused the accident has only the Florida State Required Minimum liability coverage, it will not cover your medical damages.
According to the Insurance Research Council, 1 out of every 8 drivers in the United States is currently uninsured. However, this statistic does not take into account the fact that some legally insured drivers still do not have adequate Bodily Injury coverage. Unlike most states, Florida law doesn’t require owners of motor vehicles to maintain Bodily Injury insurance coverage to pay when there is an accident causing injury to another driver, passenger or pedestrian. This can consequently result in significant costs that are not covered by a basic insurance policy. How can you protect yourself and your family? Tell your insurance agent you want to purchase Uninsured Motorist Coverage.
Uninsured Motorist Coverage is a type of auto insurance coverage that helps protect YOU in the event that you’re involved in an accident with a motor vehicle driven by someone without liability insurance. In addition, it can provide compensation for you when your damages exceed the bodily injury coverage in place for the at-fault driver, i.e. an under-insured motorist. It covers you and your passengers for:
- Medical expenses
- Pain and suffering
- Lost wages
- Lost future earning capacity
Purchasing Uninsured Motorist Coverage is affordable and will protect you from those who aren’t properly covered. In most cases, your UM coverage will come in a split limit, meaning your insurance coverage will differ if there is one person injured versus if there are multiple people injured. For example, a split limit might be:
- $15,000 for bodily injury or death, per person.
- $30,000 for total bodily injury or death, per accident.
On your insurance policy declarations and coverage page, it is often expressed as $15,000/$30,000. It is crucial to be aware of the insurance policy you hold. Often, “discount” insurance companies will quote low rates because they are not providing you with adequate coverage under these less expenses policies. If you are unsure as to the coverage under your current policy, contact your agent immediately to obtain a copy of the declarations page. One of our lawyers will be happy to discuss the terms of your policy and provide insight as to where your may be unprotected in the event of an accident.
Do you want a FREE evaluation of your insurance coverage? Obtain a copy of your current policy and call McGRATH GIBSON today for a free check-up on your insurance at 904- 358-3300.