Why Uninsured and Underinsured Motorist Coverage is a Must in Florida

Did you know that one in five drivers in Florida are either uninsured or underinsured? That means if you’re in an accident with one of these drivers, they might not have the right coverage—or any coverage at all—to pay for damages or medical bills. It's hard to believe, right?

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Most of us know we need auto insurance to legally drive, but lately, we’ve had some questions about uninsured and underinsured motorist coverage. So, let’s break it down.

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What is Uninsured/Underinsured Motorist Coverage? This type of coverage kicks in if you’re involved in an accident that’s not your fault, and the other driver either doesn’t have insurance or doesn’t have enough to cover your medical bills, lost wages, or other damages for you and anyone else in your car. In those cases, your own uninsured/underinsured motorist policy steps up to cover the costs that the at-fault driver can’t.

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Why Do You Need This Coverage? You’ve worked hard to build your financial stability. The last thing you want is to be financially vulnerable just because the other driver doesn’t have the right coverage. Adding uninsured and underinsured motorist coverage can be a crucial safety net for your finances.

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Where Should You Have This Coverage? You’ll want uninsured/underinsured motorist coverage in two key places:

1. Auto Policy: This is the most obvious place where you need this coverage to protect yourself on the road.
2. Umbrella Policy: If you have an umbrella policy, you’ll want this coverage there as well for added protection. However, it's not always included automatically, so make sure you check both policies.

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Yes, this coverage will add a bit to your premiums, but it’s well worth it. You’re essentially paying a small amount now to protect your wealth in case of an unfortunate accident where the other driver isn’t adequately insured.

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Got Questions? If you have any questions about whether you’ve got the right coverage, we’re here to help. Feel free to reach out to us, and we’ll discuss how to make sure you’re financially protected.

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Also, don’t forget: all our videos are conveniently located on our website and YouTube channel. So, if you ever need to review any of the topics we cover (and we know you’ll want to), just hop over there and take a look!

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Until next time, drive safe and stay covered.