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Originally Posted by kingofbeer
Uninsured motorist coverage will also protect against a hit and run accident. Not sure why all those who responded scoff at UM coverage. Uninsured motorist is very expensive in Florida because there are thousands of drivers who are insured and under insured.
A hit-and-run accident is when a negligent driver strikes your car, causes an accident, and flees the scene without exchanging contact information. You typically cannot pursue compensation from a negligent hit-and-run driver because you have no way of contacting them or their insurance company.
Uninsured motorist property damage (UMPD) and uninsured motorist bodily injury (UMBI) policies generally cover hit-and-run accidents. Whether you can purchase one of these policies varies by state. In Florida, you can buy a UMBI policy to protect you from damages caused by a hit-and-run accident.
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Because UM insurance is redundant with other insurance that most people already have, like health insurance and collision insurance.