The Insurance Research Council estimates that 1 out of every 7 drivers on the road is operating a vehicle without auto insurance. With such a scary statistic, you can see why auto insurance carriers now offer a type of coverage called “Uninsured Motorist Coverage” (UM). Uninsured and Under-insured Motorist Coverage is a type of optional auto insurance coverage offered to policyholders for an additional premium which provides extra coverage for drivers and passengers in certain situations. This additional coverage, otherwise known as Uninsured Bodily Injury Coverage, can be a real life-saver "financially speaking."
Despite the economy having rebounded since the housing bubble burst, it is still expensive to live in America. Bills add up quickly and often times people are forced to choose between things like car insurance and health insurance for example. Both are important; however, there is only enough money in the household for one or the other. Therefore, millions of people are driving around the country without Auto Insurance which has a serious impact on the drivers who do maintain insurance and are compliant with the law. While healthcare would seem more important, driving without insurance is illegal. This could lead to fines, license suspension/revocation, and or court appearances requiring you to miss work or school.
What Uninsured Motorist Coverage includes: This coverage pays for bodily injuries to you and your passengers in the event you are not at fault in an accident with someone who has no insurance or does not have adequate limits. Companies offer different limits (dollar amount covered) and typically charge drivers only a small additional premium for it. It is not mandatory coverage, however highly recommended. UM coverage can also provide compensation for things like lost wages, medical bills, and pain and suffering. In a No-Fault state drivers would first collect from their own Personal Injury Protection (PIP) coverage afforded to them from their policy. In this circumstance the UM becomes excess and pays after the PIP limits have been exhausted. Florida PIP insurance requires $10,000 of Personal Injury Coverage.
If you are in the market for auto insurance, or have additional questions regarding Uninsured Motorist coverage, please call Cliff or Andrew Schimek at Florida Auto Plus Insurance today. Family owned and operated; we have over 25 years of experience in the industry. Fast free rate quotes are available by calling (305) 278-1388. Over 150 positive reviews on Google and we are looking to receive even more. We thrive on customer satisfaction!