Should I Have Additional Auto Accident Insurance?
Every driver needs auto insurance. In Florida, all registered motor vehicles are required to have a running insurance cover to protect the driver and passengers in case of an accident.
While Personal Injury Protection (PIP) insurance is legislatively mandatory for all drivers in the state, just how much auto insurance cover drivers should have is a question many drivers are confronted with.
A Daytona Beach car accident lawyer weighs in on the debate, showing you just why you need additional accidental auto insurance cover. Visit here to read more about how a Daytona Beach car accident lawyer can help.
But first, the basics:
How PIP Insurance in Florida Works…
Florida is one of the 12 states with no-fault auto insurance. Established under the Florida Motor Vehicle No-Fault Law, the cover provides up to $10,000 in immediate medical cover to rivers injured in car accidents.
The coverage, which is required to be purchased by all car owners, makes each driver responsible for their injuries regardless of who is technically found at fault. This drastically cuts medical payment delays.
PIP extends coverage to your family, members of your household, together with certain passengers who lack the cover and do not own a vehicle.
Passengers in your vehicle at the time of the accident will receive cover from their own PIP, so will licensed drivers driving your vehicle with your permission.
- PIP also protects you while riding or driving someone else’s vehicle or as a pedestrian or cyclist. The cover is also generously extended to your child when riding in a school bus. Read more about this here.
Getting to know whether you qualify for cover after an accident and to what extent you are covered can help you save thousands in medical bills.
A Daytona Beach car accident lawyer with experience in PIP law, will let you know your position and help you find justice. Learn more about this here.
Property Damage Liability (PDL) in Florida
As long as you have a valid license plate, Florida law requires you to have a $10,000 minimum property damage liability. The cover pays for damages caused by you or your family to other people’s property during a car accident, up to the policy limit.
It covers property damage including damage to homes and businesses; repairs and replacement costs to stationary objects such as fences and vehicle repair and replacement costs.
Unlike PIP, PDL cover is only paid out by the company whose driver is at fault.
In Florida, drivers caught without these two insurance covers will have their licenses, vehicle registration, and vehicle tags suspended—on top of receiving some pretty hefty fines and fees.
In spite of these regulations, car insurance coverage as a percentage of drivers on the road, is one of the lowest in the nation. According to the insurance Information Institute, as of 2012, Florida had the second highest number of uninsured motorist standing at 23.8% of road drivers.
This means that close to one in every four drivers is uninsured.
Additionally, up to 50% of Florida drivers have little or no insurance at all. Such glaring gaps in insurance coverage are a cause for concern.
The Insurance Information Institute (I.I.I) forwards that these uninsured drivers create risks for all drivers in that should they be liable for any accident, the innocent party will only be compensated on his own PIP, which doesn’t extend to damaged property or past $10,000.
This gives rise to consensus for additional uptake of insurance such as the uninsured motorist coverage.
Uninsured Motorist Cover
The uninsured motorists cover protects you if the at-fault party has little or no liability insurance and your case is worth more than the minimum amount offered by PIP/PDL, which is often the case.
Uninsured motor cover also comes with various benefits such as “stacked coverage” in that if you have two or more motor vehicles on similar insurance policies, you can get additional uninsured coverage at a lower cost.
Consult a Daytona Beach car accident attorney to figure out just how these policies are covered by law and to what extent they can be enforced in court for your benefit.
Additional insurance can be the difference between glaring hospital bills, just-in-time hospital treatment for life threatening injuries, and expensive repair and replacement costs for property.
Getting PIP Right with a Daytona Beach Car Accident Lawyer
Getting the right insurance cover is a multi-pronged analysis covering both legal and financial matters. It is vital that you have a Daytona Beach car accident lawyer have a look at the policy before you sign the dotted line.
Visit here to learn more about how a Daytona Beach car accident lawyer will help you see the fine print on your contract, read between the lines, and take an insurance cover policy that will benefit you and your family for a long while.
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