You Have Full Coverage But Are You Fully Covered?

Many times, we will meet with a prospective client who claims to have “full coverage” with their insurance company only to find they are severely underinsured.  The discrepancy lies in what an insurance agent and/or insurance company labels “full coverage.”  In Florida, the state minimum insurance coverage is only the $10,000.00 PIP benefits and $10,000.00 in property damage.  Florida is one of only a handful of states that doesn’t require drivers to carry bodily injury coverage.  The PIP benefits, typically referred to as “No-Fault” benefits, will pay your medical bills regardless of fault.  The $10,000.00 in property damage will pay for the damage you cause to someone else’s car or property.  When an insurance company sells you “full coverage” they are really just adding comprehensive collision coverage to the policy, so that now your car is also covered if you are in an accident, regardless of fault.

Where does this leave you with “full coverage?”  Unless you have purchased the additional Uninsured Motorist Coverage (UM), then you are at risk (not covered) if you are injured in an accident by someone who carries the state minimum, not enough Bodily Injury Coverage, or no insurance at all.  Studies have shown that the chance of being struck by an individual with no insurance in the State of Florida is 1 in 4.

So, please review your automobile insurance policy, even if you think you have “full coverage.”  At Zele Huber, all of our attorneys provide free automobile policy reviews to members of the public.  Simply call the office and schedule a free automobile insurance policy review with any one of our attorneys.  Don’t wait until you’ve been in an accident to discover that you are not “fully covered.”