Why is it important to have uninsured or underinsured motorist coverage?

Why would someone get uninsured or underinsured motorist coverage?
What is the significance of underinsured/uninsured motorist coverage in Florida?
What does uninsured/underinsured motorist coverage entail?

The purpose of acquiring uninsured or underinsured motorist coverage is to safeguard yourself, your loved ones, and the passengers in your vehicle in case of an accident with an uninsured or underinsured driver. Thankfully, this state allows you to have this coverage, although it’s unfortunate that it is not mandatory. Thus, you must specifically buy this insurance to shield yourself from the 30% of drivers who lack adequate insurance coverage.

Uninsured or underinsured motorist coverage is a choice of insurance that can be obtained from your insurance provider. It serves as a means of recovering damages in the event of an accident involving a driver who lacks insurance or carries insufficient coverage. This type of coverage also safeguards against hit-and-run incidents. In Florida, bodily injury coverage is not mandatory, leaving over 33% of drivers without this vital protection. Opting for uninsured motorist coverage is recommended since you have no control over the coverage limits of other drivers.

Uninsured/Underinsured Motorist coverage is there to safeguard you in the event that you are struck by a vehicle that lacks insurance or the insurance is insufficient to compensate the injuries caused by the crash. It may also cover what is known as a “phantom vehicle,” encompassing a hit and run where the at-fault party cannot be found or otherwise identified. In many ways, UM/UIM is the most important insurance you can purchase because the state does not require Bodily Injury (BI) insurance, which means many cars on the road do not have any insurance to pay for your injuries, even though they caused the crash. It is recommended that everyone protect themselves by purchasing UM/UIM coverage.

The most vital coverage you can have as an automobile driver is underinsured/uninsured (UM) motorist coverage. This safeguards YOU in case another driver is negligent and causes injuries AND lacks adequate or any insurance coverage to compensate you for those injuries.
According to a recent news report, the Florida Division of Insurance Fraud states that 25 percent (that’s one in every four) of the drivers in Florida have no insurance or phony insurance. Combine that with drivers that have insufficient coverage and you risk being without a solution if you get hurt.
Safeguard yourself and reach out to your insurance agent today. Ensure that you have UM coverage.

Essentially, it is coverage that individuals purchase for the other party who causes them harm in an accident, yet they do not have sufficient coverage themselves. It is truly unjust that you are purchasing coverage for someone who lacks the responsibility to obtain their own coverage; however, UIM coverage stands as ONE OF THE MOST CRUCIAL COVERAGES you can have. Do not decline it! And acquire the maximum amount permissible according to your insurance provider.

Essentially, it is coverage that you purchase for the responsible party involved in an accident, who lacks sufficient coverage. It is completely unjust that you would procure coverage for an individual who neglects their own responsibilities, but UIM coverage is EXTREMELY CRUCIAL protection to have. Refrain from waiving it! Instead, obtain the maximum amount permitted by your insurance provider.

UM coverage holds immense significance in Florida. This state, unlike most others, does not enforce the purchase of bodily injury coverage for drivers. As a result, acquiring UM coverage becomes essential to safeguard yourself from underinsured drivers or those lacking bodily injury liability coverage.