Do you need uninsured motorist insurance? The statistics can be helpful
here. Approximately one in seven
car accidents that occur in the United States involve an at-fault driver who does not
have insurance. It’s even more likely in the state of Florida, with
one in five accidents or 20% of accidents involving an uninsured at-fault
driver. This can put the driver who wasn’t at fault in a bad situation.
It’s not a trend that appears to be going away, either. The Insurance
Research Council (IRC) reported a trend in uninsured motorists: The national
percentage increased from 12.7% to 15.6% from 1999 to 2004. In the state
of Florida alone, approximately 19% of drivers don’t have insurance!
That’s one of the highest percentages in the nation! In other words,
having uninsured motorist insurance can be more beneficial than ever right now.
How Does Uninsured Motorist Coverage Help?
Some people want to know why they need uninsured motorist coverage if they
already have no fault insurance coverage, which is also called “PIP.”
PIP insurance with a $10,000 limit is required in the state of Florida.
Drivers need to have insurance in order to operate their vehicles in the
state. In the event of an accident, their insurance company is supposed
to cover the losses they sustained no matter whose fault the accident was.
Your insurance company should cover a variety of losses in an accident
whether it was your fault or the other drivers; including at least some of your:
- Medical bills
- Missed wages
- Out of pocket costs
Unfortunately, your PIP or no fault insurance will not cover certain other
expenses. This absence could be especially glaring in a severe car accident.
That’s why uninsured motorist coverage is so valuable. If you are
in an accident, remember that there is a 20% chance in the state of Florida
that the other driver will be uninsured. Your under insured motorist coverage
is there to protect you from egregious losses, even whenyou aren't
in your own car in some cases.
Under insured insurance covers expenses such as:
- Medical bills not paid by your PIP insurance
- Missed wages not paid by your PIP insurance
- Future medical bills
- Future missed wages
- Non-financial losses including pain and suffering, loss of enjoyment of
life, and disability
Under insured motorist insurance is not required in Florida; however, your
insurance company is required to inform you about this option. You then
are left with the choice as to whether or not you would like to apply
for this coverage. As you can see, the value of under insured motorist
coverage cannot be overestimated, especially in a serious accident.
If you believe you have an insurance case after a car accident, contact the
Jacksonville personal injury attorney at
Krumbein Law PLLC to discuss your case in a free consultation.
Reach us today by dialing (904) 474-3974.