According to the Insurance Research Council, 24% of all Florida drivers do not carry car insurance. If you get into a car accident with a negligent driver who is uninsured, all of your financial losses – property damage, medical bills, and more – will most likely fall on you, since the driver cannot compensate you through an insurance company.
In order to protect yourself from this potential financial disaster, you should purchase uninsured/underinsured motorist (UM/UIM) coverage. Some states require all drivers to carry UM/UIM coverage; unfortunately, Florida is not one of them. It is optional in our state. However, we highly encourage you to purchase it. Otherwise, you may not have any way of getting financial assistance after a serious accident with an uninsured driver.
Underinsured motorists pose just as much of a problem. Many people do not carry the minimum liability coverage that Florida requires, meaning they may not be able to cover all of your expenses in the event of an accident.
In Florida, all drivers must carry the following minimum liability coverage amounts:
- $10,000 for bodily injury of one person in a car accident.
- $20,000 for bodily injury of multiple people in a car accident.
- $10,000 for property damage in a car accident.
As long as you have UM/UIM protection, your insurance company should pay you the difference if you get into an accident with an underinsured motorist. Unfortunately, even with this important coverage, some insurance companies will still try to downplay your injuries or deny your claim in order to avoid paying you the compensation you deserve.
If you have been in a car accident with an uninsured or underinsured motorist, please contact The Cochran Firm South Florida today to schedule a free case evaluation with one of our experienced Miami accident lawyers. We represent injured car accident victims throughout Miami and West Palm Beach, Florida.