why is there insurance against uninsured drivers?
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I don’t think I’ve seen this mentioned but in my state (Florida) and likely many others it’s uninsured and underinsured motorist coverage. In Florida, if you’re in a car accident I’d say there’s a greater than 50% chance the other driver has either No bodily injury coverage or something nominal like 10k or 25k. Your UM/UIM coverage will apply beyond that. This is important in that your compensation (bills / lost pay/ pain and suffering / future bills) is capped (most times) at the other drivers limits (potentially less if there are multiple parties). And the best part of Florida, certain for profit hospitals are now charging $12-$15k for CT / CAT scans. I’ve seen minor accidents result in $50k hospital bill alone.
Source – lawyer in the god awful insurance scam of a state – Florida.
there’s a ton of other rabbit holes here, but long story short, always carry UM.
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