If you are a Florida resident, you should have PIP (Personal Injury Protection) or no-fault coverage. This insurance should cover expenditures whether or not the person seeking benefits is at fault. You may have a deductible associated with your PIP coverage, but after that, you can expect the insurance company to pay at least 80% of your accident related bills and 60% of your lost wages up to $10,000.
In the case of a catastrophic accident with a large amount of expenses, uninsured/underinsured motorist coverage is critical. Oftentimes, when purchasing insurance, consumers are not aware of the importance of this part of the coverage. If you are involved in an accident with an individual who does not have any or insufficient insurance coverage, the uninsured/underinsured coverage would step in to help make up the difference. |
