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Insurance Coverage Information

There are optional coverages offered in Florida, such as collision, comprehensive, uninsured motorist, medical payment, towing, rental reimbursement, and accidental death and dismemberment.

What do the terms “$15,000/25,000” or “$50,000/100,000” mean?

Insurance companies sell coverages in amounts that limit the amount that can be recovered by one person (the first number) and the maximum that can be recovered in one accident (the second number). For example, if a driver carries liability insurance in the amount of $50,000/100,000, this means that an individual can collect up to $50,000.00 on that policy, but in no event will the insurance company pay more than $100,000.00 per accident.

What is uninsured/underinsured motorist coverage?

Basically, it is coverage that you buy for the other person who injures you in an accident, but doesn’t carry enough coverage. It is absolutely unfair that you are buying coverage for the person who is not responsible enough to carry the coverage themselves; but UIM coverage is ONE OF THE MOST IMPORTANT COVERAGES that you can carry. Do not waive it! And carry the highest amount that your insurance company allows you to buy.

What if UIM coverage isn’t listed on my policy?

You probably waived the coverage. Check with your insurance company. It is relatively inexpensive to buy UIM coverage. Buy it!

Another benefit of Uninsured/Underinsured Motorist coverage: if you are the victim of a hit and run accident and are injured, uninsured motorist coverage covers you.

What is “med-pay”?

Med-pay is an amount of insurance money available to help pay medical bills while your case proceeds to some sort of resolution. You can purchase varying amounts, and you should not waive this form of coverage. It covers medical expenses beyond what is paid under personal injury coverage. It applies whether the injury occurred in your car, another person’s car, or while you were a pedestrian