There are many responsibilities when driving. Alot of people take these seriously. They obey the traffic rules by driving the speed limit and following signs and lights. They purchase insurance as required by law. And, there are those that do not do any of these things. This means the responsible drivers must protect themselves from the ones that aren’t.
Everyone needs to seriously consider purchasing bodily injury liability and uninsured motorist coverage in Florida even though it is optional. But the Insurance Research Council estimates that 24 percent of Florida drivers are uninsured. That is a scary figure. What is scarier is that there is no way to know how many people buy only the minimal coverage that is required by law. That means they have $10,000 in personl injury protection (PIP, also known as no-fault insurance) and $10,000 in property damage liability. The PIP system is run amok with fraud. And, you also know that if someone is severely injured in a car crash, it does not take long to surpass $10,000 in medical bills. If the guy or gal that hits you has no insurance, those medical bills are all yours – – unless you buy uninsured motorist (UM) coverage. This also covers you if the at-fault driver is an underinsured motorist (UIM), an equally likely scenario is this dismal economy, or a hit-and-run driver, which is also not farfetched.
Simply, UM/UIM coverage makes your insurance company responsible for the damages that would otherwise have been the responsibility of the at-fault driver. Get out your auto insurance policy now, before you drive another block. In it you will find some BIG TYPE that tells you that this is VALUABLE COVERAGE that PROTECTS YOU AND YOUR FAMILY. Insurance regulators require by statute that insurers put this wording in BIG TYPE in your policy for good reason. It’s for your protection. You can reject this coverage but should know that there are better than one-in-five odds that the Florida driver who hits you is not insured. Why take that chance on those kind of odds?