Almost 25 % of all motorists in Florida are uninsured. This is over twice as high as the national rate at 12%.
Several factors are responsible for this sort of fact. Some motorists resent the fact that they are being made to pay. Others are illegal immigrants and so wish to remain under the radar. However, the major reason is that the cost of insurance is too steep for the many poor in Florida.
The state of Florida mandates only a minimal coverage vehicle insurance standard. This is only $10,000, which is inadequate for serious injury. Further, it does not compel liability insurance. This means that most motorists are actually underinsured.
The import of this is that the likelihood that you will be crippled financially in the event of an accident is quite high. You may discover you have been left vulnerable by an at-fault driver who has no insurance or is grossly underinsured. This is where Zappitell Law Firm located in Delray Beach comes to assist.
Talk to a lawyer for uninsured motorist protection to guard against this contingency.
Uninsured Motorists Protection or Coverage (UIM/UM)
Uninsured motorist protection is an insurance policy you take under your own auto insurance policy. It is not mandatory but is a very good idea. It protects you and your family in case of a car accident where the driver at fault is either uninsured or who is inadequate to cover your loss.
The policy covers you when you and your loved ones are in your car. It can also cover you when you are in another car or even as a cyclist or pedestrian. This extends to your family too.
The cover does not extend to your car. For that, you may require collision coverage. You may feel that UIM/UM is unnecessary because you hold medical insurance cover.
A medical cover will undoubtedly cover your medical expenses but does not offer the range of protection UIM/UM offers.
- Lost wages
- Pain and suffering
- Future loss of earning potential
- Wheelchairs and medical devices
- Long time nursing care
- Loss of enjoyment of life etc.
UIM/UM guarantees compensation for loss from an accident by an uninsured motorist in South Florida.
Stacked and Unstacked Uninsured/ Underinsured Motorists Coverage
Stacked UIM/UM coverage in Florida protects you and your family if you have an accident while in the car listed on the policy. It is cheaper than the non stacked policy but the limit declared on the policy is the maximum you can collect.
unstacked UIM/UM on the other hand allows you to stack your policy. This means you can list many cars under the policy. You will be compensated even when in a car that is not yours, as will your family members.
You plus your family members will be compensated even as pedestrians. It is more expensive to take out, but the compensation is higher- multiplied by the number of cars listed on the policy.
In a wrap, you should not be unprotected just because of an at-fault motorist who has no insurance. Talk to a reputable lawyer like Zappitell Law Firm for uninsured motorist protection.