What if Everything You Knew About Your Uninsured/Underinsured Motorist Coverage is Wrong?

Car insurance is something you should never drive without. Every car in Florida is required by law to have PIP, but they are not required to have bodily injury liability insurance. And even so, most people disregard the rules. That is why it is important to protect yourself and your loved ones from having to bear the burden of another driver’s negligence. Uninsured Motorist (UM) coverage is designed to protect you in cases where the other driver has little to no liability insurance and cannot cover the expenses of the accident. Below are some common misconceptions regarding UM coverage.

Myth: I Don’t Need UM Coverage.

  • In Florida, 1 in 4 drivers on the road are driving without insurance that will pay for their injuries. This means that your chances of getting into an accident with an uninsured driver are pretty high. Car accidents are already expensive, you don’t want to have to pay for someone else’s negligence on top of any deductibles you may have. Therefore, always make sure to have UM coverage on your car insurance policy.

Myth: I Don’t Need UM Coverage. I Can Always Sue the Other Driver.

  • If a driver is choosing to drive around uninsured, chances are they may not have a lot of money or assets available, so suing them isn’t going to do much good. Additionally, if the at-fault driver leaves the scene of the accident and can’t be found, there is no one left to sue except your own UM. It is very risky to rely on strangers for insurance coverage.

Myth: I Don’t Need UM Because I Have Health Insurance.

  • UM pays for more than your health insurance will cover. UM will not only cover your medical expenses without having to pay a deductible, but it will also cover lost wages and other non-economic damages such as pain, suffering, and loss of ability to enjoy life.

Myth: My UM Insurance Transfers to Every Car I Own.

  • Only if you purchase stacked UM coverage. Stacked UM means that you increase the level of your UM according to the number of vehicles that you drive/own. Stacking your UM raises the potential amount of coverage you can use. For example, if you have three cars and unstacked UM of 100/300, then you have 100k available per accident. But if you had stacked UM, you would have 300k available per accident. Stacking broadens the scope of your coverage. The only drawback to stacking your UM coverage is it will increase your rates.

Protect yourself by taking the time to review and familiarize yourself with your auto policy. If you have any questions about UM coverage, feel free to give us a call, or request a free copy of our book Uninsured Motorist Insurance —Don’t Leave Home Without It. Do not hesitate to contact us with your questions—we are here to help.

Jim Dodson
A Florida injury lawyer, family man and avid cyclist who clients have trusted for over 25 years.
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