Uninsured motorist (UM) coverage is essential for drivers in Florida, where many motorists carry minimum or no insurance at all. This type of coverage helps protect you if you’re involved in an accident with a driver who doesn’t have insurance or doesn’t have enough coverage to pay for your injuries or damages. Understanding how UM coverage works can make a huge difference in the outcome of an accident.
What is uninsured motorist coverage?
Uninsured motorist coverage kicks in when the at-fault driver doesn’t have insurance or enough insurance to cover your damages. In Florida, you can also have underinsured motorist (UIM) coverage, which helps if the at-fault driver’s insurance is insufficient. This type of coverage can help pay for medical bills, lost wages, and pain and suffering resulting from an accident caused by another party.
Why is uninsured motorist coverage important in Florida?
Florida is a no-fault state, which means your own insurance covers medical expenses regardless of who caused the accident. However, when the other driver doesn’t have insurance or lacks sufficient coverage, you may struggle to get the compensation you need for extensive damages. Having UM coverage can protect you from this issue, ensuring you aren’t left with out-of-pocket expenses when the at-fault driver is uninsured.
How much uninsured motorist coverage should you have?
The amount of UM coverage you should have depends on your specific needs and financial situation. Florida law doesn’t require drivers to carry UM coverage, but it is often recommended to carry limits that match your bodily injury liability limits. This ensures you have adequate coverage in case of a severe accident. It’s also wise to consider how much coverage will adequately protect you from potential medical costs and lost wages.
Should you add uninsured motorist coverage to your policy?
Adding uninsured motorist coverage to your policy is a smart move. The costs are relatively low compared to the benefits it offers, and it provides an extra layer of protection in the event you’re involved in an accident with an uninsured driver. Without it, you may find yourself struggling to pay for medical expenses or vehicle repairs after an accident.
Uninsured motorist coverage can provide peace of mind knowing that you’re covered, even when others aren’t.