Did you know that your uninsured motorist claim can be worth more than the insurance adjuster says? Most insurance companies prefer to settle claims for the lowest amount. This means they will become extremely reluctant to pay uninsured motorist coverage when the time comes. Remember your medical bills and the severity of your injury is the largest drivers of your claim.
The fact that insurance companies often refuse to pay uninsured motorist claims even though you have coverage makes most people ask if it’s worth it. The state of Florida doesn’t require uninsured motorist coverage. However, most people have at least up to $10,000 uninsured motorist coverage on their auto insurance policy.
Auto insurance coverage is required for all drivers in South Florida. This means if you are pulled over by a police officer and don’t have proof of insurance you can receive a ticket or get arrested, depending on the circumstances. This expensive and scary scenario doesn’t seem to deter people from breaking the rules. Drivers are involved in accidents with uninsured drivers on a daily basis throughout South Florida.
You need to protect yourself by investing in uninsured motorist coverage through your auto insurance company. The recommended amount is at least $500,000 in uninsured and underinsured motorist coverage.
The answer to your question: “Is uninsured motorist coverage worth it?” is Yes! Let’s say you are involved in an accident today with an uninsured driver. You get rushed to the hospital and stay overnight due to injuries. A one night stay at the hospital can cost more than $20,000 depending on the situation. This means you can suddenly become $20,000 in debt with medical bills in just one day. Uninsured motorist coverage will help you cover these expensive bills.
An auto accident can also cause you to suffer from painful injuries and lose time from work. This means your income lessens or stops during your recovery time frame. Uninsured motorist claims are a complex issue and each case is handled on an individual basis.
There are many factors involved in the individual case that is taken into consideration. If you have been involved in an auto accident with an uninsured motorist or underinsured motorist you should contact your insurance company immediately. If you experience a delayed response from the insurance company, you should contact an attorney for further assistance. This is especially important if you have uninsured motorist coverage included in your policy.
