brier April 27, 2013 No Comments

Sadly not everyone in this world makes the right or responsible choice.  This can be extremely serious, especially when it comes to driving.  Statistics say that almost 25% of Florida drivers are uninsured.  That is a dangerously high percentage.   Besides that there are people who opt for minimal coverage which could mean bad news for you if they injure you or do serious damage to your car. If you are involved in an accident with someone who has no coverage or the bear minimum you are most likely going to be liable for all of the medical expenses and other damages you incur. You can avoid this risk by purchasing uninsured motorist coverage (UIM).  This also covers you in the event of being the victim of a hit and run driver that cannot be traced.

There are a few types of coverage in Florida to know aboutbefore making your decision.

  • PersonalInjury Protection.  This pays up to$10,000 of your medical bills and any lost wages no matter who is responsiblefor the accident.  Think of this as likeadding a small health insurance policy to your driving insurance.  If you are not the responsible party you donot have to worry about your rates increasing in the event of an accidentunless you have exceeded 3 accidents in a 5 year period.
  • BodilyInjury Protection.  If you cause anaccident and someone else is injured this would pay for the damages and medicalbills.  This may be hard to believe butthis is not a requirement of most vehicle owners in the state of Florida.
  • PropertyDamage.  Pays money if you cause acrash and property is damaged.

Uninsured motorist coverage will cover all of your medicalbills, loss of wages and pain and suffering after your $10,000 deductible hasbeen reached and the person at fault has confirmed they are without insuranceor cannot be located.

Some insurance companies are a bit reluctant to selluninsured motorist coverage because the odds of being a victim and needingreimbursement from an accident are high. Their main goal is to save money for the company and this type ofinsurance is a liability for them since they are agreeing to take on theresponsibility and costs of those who are uninsured.

We highly recommend all Florida drivers add UIM to their policy in the event of having an accident with an uninsured driver.  The little extra cost could turn out to save you a lot of time, money and aggravation in the future.