The aftermath of a crash should be easy. Most individuals feel as though they understand all there is to know about auto insurance. However, with different types of coverage, liability issues, and other problems, filing a claim can become complicated quickly.
At Dismuke Law, PLLC, we make it a point to educate Florida residents regarding insurance coverage and what happens in the event of a crash. Below, we’ll detail the different options you have when obtaining auto insurance and how they play a role in your recovery after a car accident.
Some of the insurance coverage options you have can include the following:
- Personal Injury Protection (PIP)
- Medical Payments Coverage (MedPay)
- Bodily Injury Liability Coverage (BI)
- Property Damage Liability Coverage (PD)
- Uninsured or Underinsured Motorist Coverage (UM or UIM)
- Collision Coverage
- Comprehensive Coverage
Personal Injury Protection (PIP)
Florida laws require drivers to have Personal Injury Protection, or PIP, coverage. It is the minimum mandatory coverage for most vehicles. With this coverage, your insurance covers up to $10,000 in total medical bills and lost wages after a crash no matter who is at fault. Often referred to as no-fault coverage, it helps all drivers with at least some compensation following an injury-related crash.
Medical Payments Coverage (MedPay)
The state does not require drivers to have MedPay as it is an optional coverage with differing limits depending on what you purchase. This type of coverage helps pay for additional medical expenses outside of the $10,000 covered by PIP. MedPay will only pay up to the limit outlined in your policy.
Bodily Injury Liability Coverage (BI)
Bodily injury liability coverage helps protect you in the event you are at fault for an accident. This type of coverage pays for the other individual’s injuries he or she may suffer in a car accident. If you are liable for an accident, bodily injury liability coverage can pay for the other party’s medical expenses and lost wages up to your policy limit.
Property Damage Liability Coverage (PD)
Similar to bodily injury liability, property damage liability coverage is helpful when you are at fault for an accident. However, this type of coverage pays for the damage that the other driver’s vehicle sustains up to your policy limits.
Uninsured or Underinsured Motorist Coverage (UM or UIM)
Far too often, drivers refuse uninsured or underinsured motorist coverage. However, it’s often more costly not to have this type of coverage, especially if you’re in an accident. Here’s how coverage works for uninsured and underinsured motorist policies:
- Uninsured motorist: You can recover compensation for your damages through your own insurance provider in the event the at-fault driver does not have coverage or in a hit-and-run accident.
- Underinsured motorist: You can recover additional compensation in excess of the at-fault driver’s policy limits. For instance, if your damages are $25,000, but the at-fault driver’s limits only cover $10,000 through PIP, you may be able to recover more from your own provider.
In many situations, you can use uninsured motorist coverage if you live with someone who has this type of coverage or you’re in a car with someone who has this coverage, regardless of fault in the collision.
Collision coverage can help you afford to repair damages to your vehicle following an accident with someone or an object, regardless of fault. This coverage is up to the actual cash value of your damages, but there is a deductible you must meet as well.
Comprehensive coverage can help you with the cost of repairs in the event you experience fire, hail, vandalism, or theft. For instance, if someone breaks your window in an attempt to steal something from inside your vehicle, you can utilize comprehensive coverage to get your window fixed.
At Dismuke Law, PLLC, we want you to understand your rights after a crash. Our Lakeland car accident attorneys stand by your side when you need us most, explaining your options every step of the way, and protecting your rights to pursue compensation. Let us be your voice.