Coverages that Protect You
Uninsured Motorist (UM) Coverage: You may be an above average driver. You wear your seatbelt, you obey speed limits, you avoid hazards, you use caution in construction zones, you don’t follow other vehicles too closely, and you certainly don’t text and drive. You’ve been responsible with everything you can. But the one thing you can’t control is the most dangerous thing on the road — other drivers.
The next time you’re stopped at an intersection, take a look around at the other vehicles around you. Look at the vehicle across from you, approaching from the left, from the right, behind you, and in the lane beside you. Of the six vehicles, statistically speaking, the majority are underinsured (very limited liability coverage) and at least one of them would be completely uninsured (no coverage at all). This means if any one of those vehicles were to collide into yours, not only would your life be endangered, your vehicle damaged, and your body potentially injured, you would likely have to foot the bill.
Very often, the other motorist in a car accident has:
(a) very limited liability coverage
(b) no liability coverage
(c) cannot be identified (hit and run)
According to the Insurance Research Council, about 1 in 6 drivers in Florida have absolutely no coverage at all. In any case, you want a UM policy that will cover the other accident-causing party’s insurance-coverage shortfalls. UM protects you, your passengers and other named persons on the insurance policy for injuries (up to your elected coverage amount) sustained in these situations.
Uninsured Motorist Coverage
This is such an important issue in the state of Florida that insurance providers are required by law to offer Uninsured Motorist (UM) policies to their customers. We highly recommend you take them up on that offer with as much additional coverage as you can afford. A good UM policy is designed to cover you when the accident-causing party is poorly insured, has no coverage at all, or cannot be identified (ie. a hit and run). The UM coverage you get can protect you and your passengers for any injuries that occur as a result of an accident with an uninsured driver.
You are not fully covered by your auto-insurance policy if you stick to the legal minimums. Every auto insurance policy is required to provide $10,000 in Personal Injury Protection benefit and $10,000 in property damage – covering damages to the property of another, i.e. not your car…that’s it. But what if you get into a more serious accident? Don’t forget to protect yourself.
There are additional insurance options available (e.g. MedPay – to cover additional medical expenses; and Excess/Umbrella coverages), but these are topics for another posting.
Talk to your car insurance company today about adjusting your basic coverages if you now feel you are under-protected. Your insurance representative can also explain some of the other coverage types available to you.
If you would like to speak to an attorney, please call and ask for Jason Neufeld, or email him directly at email@example.com.