Lucky or Wise?
Some people may think that by carrying “full coverage” with high limits they are covered and will be taken care of should a motor vehicle accident occur. What happens when the person who hits you is uninsured or does not carry enough liability insurance to repay your medical bills and lost wages? Or, what happens if that driver who hit you just drives off? This is a scary thought.
A 2011 study by the Insurance Research Council estimated that 24 % of Florida drivers were either uninsured or under-insured. Even more unsettling is the fact that with today’s economy many drivers only carry the minimal amount of insurance that is required by law (Personal Injury Protection Coverage of $10,000.00 and Property Damage Coverage). In a serious automobile accident you could quickly exhaust you Personal Injury Protection Coverage ($10,000.00). Ultimately, your Personal Injury Protection benefits may be exhausted and, then, you are left with paying outstanding medical bills from your own pocket. This regularly happens, UNLESS the injured victim carried Uninsured Motorist Coverage under their own personal automobile insurance policy. Uninsured Motorist Coverage is available to you when the negligent driver that caused your accident was uninsured, did not carry liability coverage or did not carry enough liability coverage to fairly compensate you for your total loss. Simply stated, your automobile insurance company will step into the shoes of the negligent driver and provide further coverage.
Get out you policy now! Check to see if you are covered! UM coverage is valuable and could protect you and your family. Remember, 1 in 5 drivers in Florida are NOT insured.
So are you lucky or wise?
As always, in the event that you find yourself in need of a personal injury attorney call us Paul Brannon and Dennis Brannon at 850-863-5297 or visit our websitewww.BrannonCanHelp.com.