The Insurance Journal reports that 24 percent of Floridians currently do not carry car insurance. As I have written before, in Florida you are required to carry $10.000.00 in Personal Injury Protection (PIP) and $10,000 in Property Damage Coverage. PIP, regardless of fault, pays 80 percent of your medical bills after any deductible you have elected to take. My recommendation is to have a zero deductible policy and to carry at a minimum $10,000.00 in medical benefits coverage. PIP also follows you wherever you may go, whether into another party’s car or as a pedestrian. If you are hit by a car as a pedestrian your PIP will follow you onto the road that day and will pay your bills. The $10,000.00 in Property Damage coverage pays if you are at fault for an accident and cause damage to someone else’s property. While you are not required to carry Bodily Injury coverage, if you are found liable for an accident in Florida, you in all likelihood shall remain legally responsible to potentially to compensate the innocent driver or pedestrian for their damages.
The purpose of this blog is not to speak about the need to carry bodily injury coverage, I will blog about that topic in the future. My purpose today is to once again warn of the absolute need to carry uninsured/underinsured motorist coverage and if you have several vehicles in your household insured under one insurance policy to elect to “stack” the coverages. According to Carinsurance.com, Florida is one of seventeen states that allow uninsured motorist coverages to be stacked.
If you have a policy with three vehicles insured on a policy for example, and carry $10,000.00 in uninsured motorist and don’t elect to stack the coverages, in the event of a car accident with an uninsured driver, one that has elected not to carry Bodily Injury coverage, the most that you will be able to recover from your insurance company in an uninsured motorist claim is $10.000.00. If you were in an accident with an uninsured driver, you should contact a car accident lawyer from the Law Offices of David I. Fuchs as soon as possible.