Quote:
Originally Posted by threefootputt
A 2023 study (msn.com/en-us) estimated 20.4% of Florida drivers are uninsured (or underinsured). If you are involved in an accident with an uninsured motorists your only recourse for recovery is through your uninsured or underinsured motorists coverage. The lack of uninsured motorists coverage, combined with the fact that bodily injury coverage is NOT required in Florida, could be a financially devastating consequence.
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I have medical insurance that has a $6,000 catastrophic limit. Anything above that is covered 100 percent. Why would I need a redundant policy for injuries? I am not going to hire a personal injury lawyer to sue my insurance company for "pain and suffering" when the lawyer would take 40 percent of the settlement after paying expenses. What limit of UM insurance can you buy that will prevent a financial devastation, and how much would it cost? I would guess that most people with UM insurance don't have enough coverage to even make a difference in their financial situation. For example, $150K in coverage would be woefully inadequate, and the insurance company probably won't sell you much more than that. In my opinion, it is just not worth buying.