Bodily Injury Liability Insurance and Uninsured and Underinsured Motorist Coverage • Insuracox

After an automobile accident, many victims don’t have any plan what to try to. For those who sustain serious injuries, medical bills and the time lost from work could cause money strain.

Automobile accident victims’ medical expenses and incapacity benefits are covered underneath their own insurance policy. The maximum amount the insurance company is needed to offer is $10,000.

Any medical expenses and lost wages over the selected quantity of $10,000 could be recovered from the driver at fault.

Buy Bodily Injury Liability Insurance

Though drivers don’t seem to be needed to buy bodily injury liability insurance, Florida’s Money Responsibility law needs drivers to be personally accountable for bodily injuries up to $10,000 per person with a cost of $20,000 per accident.

Drivers who don’t have sufficient funds to meet this monetary responsibility demand typically purchase bodily injury liability insurance. That is why several drivers carry BI insurance on their own policies. There are varying amounts of BI coverage, starting at $10,000 per person/$20,000 per occurrence.

The following example explains how a car accident victim may pass through a negligent driver’s bodily injury liability insurance. Driver A causes an accident which injures Driver B, and Driver B makes a claim for medical edges and lost wages below Driver B’s own automotive insurance policy. However, Driver B’s medical expenses and lost wages exceed the coverage limit of $10,000. Driver B then files a claim or lawsuit against Driver A for those losses and alternative damages like pain and suffering, future medical expenses and lost wages.

If Driver A purchased $10,000 of BI liability and Driver B is saying damages of $ten,000, then Driver B may recover those losses from Driver A’s bodily injury liability insurance.

However, what if Driver B’s damages exceed $10,000? Then the uninsured/underinsured motorist (UM/UIM) coverage in Driver B’s own automobile insurance policy comes into play.

A Florida Personal Injury Lawyer Discusses the Importance of Uninsured/Underinsured Motorist (UM/UIM) Coverage

UM/UIM coverage is very important and often misunderstood by those residents of Florida who get into automobile or truck accidents. Pursuant to Florida automobile accident law, if a driver buys bodily injury liability insurance, the insurance company should supply UM/UIM coverage for the same amount of the bodily injury liability insurance. However, the driver may select to reject UM/UIM coverage. Florida Statute 627.727.

Many drivers opt not to induce UM/UIM coverage to induce a reduced premium however they don’t realize that this coverage is a protection for them.

UM/UIM coverage protects a car accident victim if the driver at fault has no BI or little bodily injury liability insurance and the automobile accident victim’s case is value additional than the negligent driver’s bodily injury liability insurance.

Therefore, within the on top of example when Driver B’s injuries, i.e. medical expenses, lost wages, etc. exceed Driver A’s bodily injury liability insurance, he/she will be able to then file a UIM claim against his/her own insurance policy for the damages that exceed Driver A’s bodily injury liability insurance. UM/UIM claims will be difficult and an experienced automotive accident lawyer is required.

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