A Florida Horror Story
In the last week, I have received calls from three different people who have been involved in accidents with uninsured motorists. This means that I cannot help them recover all their medical costs, lost wages and pain and suffering. I feel so badly for them and wanted to let you all know what you could do to help protect yourself.
Did you know that approximately 1 in 4 drivers in Florida are not insured? And nationally, the rate is about 1 in 7. A partial answer to this horrifying statistic is that I would highly recommend everyone carry Uninsured/Underinsured Motorist Coverage. It is relatively cheap to purchase when renewing your auto insurance and a real-life saver should you be involved in an accident with an uninsured or underinsured motorist.
Uninsured Motorist Coverage is basically what the name suggests, a driver and vehicle without an auto insurance policy. But, what does it mean to be underinsured? Let’s say you’re involved in a crash in which the other driver is at fault. You find out the other driver only has $10,000 in bodily injury liability coverage and that amount is not enough to cover your medical bills, lost wages and pain and suffering. In this case, the other driver would be considered under-insured—meaning that they have an auto policy but it’s not enough to cover all of your damages.
This is something you’ll need to think about, as the limits for uninsured and underinsured motorist coverage can range from $10,000 to over $1 million. Some people choose a limit equal to their bodily injury liability limit, but that’s not always a requirement. For help deciding, you may want to consider a number of factors, including what kind of health insurance you have and whether you have access to short- and long-term disability through your employer to ensure you don’t lose out on wages if you’re too injured to work.
What does uninsured/underinsured motorist coverage typically cover? With this added coverage, your insurance company basically steps into the shoes of the at-fault driver, therefore, it covers the same damages as bodily injury liability insurance: past and future medical expenses, past and future lost wages and, if you are permanently injured, past and future non-economic damages like pain, suffering, scarring, disfigurement and loss of the ability to enjoy life.
Uninsured/underinsured motorist coverage provides coverage to the driver and all passengers in the insured vehicle. Uninsured/underinsured motorist coverage also follows the insured. For example, if you are a passenger in your friend’s car and an uninsured/underinsured motorist injures you when he crashes into your friend’s car, your policy will cover your damages not covered by the at-fault driver to the limits of your own underinsured/underinsured motorist policy.
Should you be involved in an accident, be sure to get medical help immediately and if you have questions about the accident, please give me a call for a free consultation. We are available 24/7 to help you.