Types of Auto Insurance
If you’ve been in an accident, we may be able to help you get medical treatment and compensation for your damages even if you don’t have insurance.
- Personal Injury Protection (“PIP”)
- Medical Payment Coverage (“Med Pay”)
- Bodily Injury Coverage (“B.I.”)
- Uninsured/Underinsured Motorist Coverage (“UM/UIM”)
- Collision Coverage
- Property Damage Coverage
In Florida, all drivers are required by law to carry a minimum of $10,000 in Personal Injury Protection insurance. The requirement to carry Personal Injury Protection or “PIP” is a result of Florida’s “no fault laws.” The regulations were enacted to provide injured motorists with $10,000 in immediate medical coverage with the necessity of establishing fault in court. Generally, when someone gets in a car accident in Florida, each person’s own car insurance, “the PIP” pays for their individual medical treatment regardless of who was at fault for the accident.
Personal Injury Protection insurance pays 80% of your medical bills and 60% of your lost wages resulting from an accident. A Florida automobile insurance Attorney can help to negotiate the remaining 20% balance with your medical provider. After an automobile accident, your insurance carrier will send you a PIP application which will need to be filled out and returned to them. The PIP application will include a lost wage form which will need to be filled out by your employer and submitted to the insurance carrier for reimbursement. In addition to medical bills and lost wages, PIP insurance will also reimburse you for your mileage to and from your doctor’s office. The mileage form should also be included in the PIP application you receive from your insurance carrier. Prescriptions must be first paid for out of pocket but will be reimbursed through PIP. The information packet attached to the prescription bag or a pharmacy print-out must be sent to your insurance carrier in order for them to reimburse you.
Remember, recent changes in Florida law may require you to get medical treatment within 14 days of your accident to be eligible for benefits from your own insurance company.
Medical Payment Insurance Coverage (“Med-Pay”) is optional insurance coverage that can be carried in addition to the required PIP coverage. Med-Pay is similar to PIP coverage in that it pays medical costs for you and your passengers in the event of an accident. While $10,000 of PIP coverage is required, you may elect how much, if any, Med-Pay coverage you wish to carry on your insurance policy. Med-Pay is less comprehensive than PIP coverage as it does not cover items such as lost income. If your insurance carrier pays out any money out of your Med-Pay coverage, it may place a lien on your claim and seek reimbursement at the conclusion of your case.
Bodily Injury Liability Insurance provides coverage to an at-fault driver for an accident in which another person was injured. BI coverage limits are typically shown in a per-person and per-accident format. For example, for a $10,000/$20,000 “BI” policy the insurance company would pay up to $10,000 to a single injured person, but no more than $20,000 for all injured parties involved in the accident. Ascertaining the Bodily Injury coverage of an at-fault driver is one of the first tasks performed when our office is retained by a client. The at-fault driver’s Bodily Injury Liability coverage will be the first source of compensation pursued for your injuries.
Uninsured/underinsured motorist coverage protects you should you be involved in an accident with a driver who is uninsured, underinsured, or unidentifiable, such as in a hit and run accident. Uninsured/underinsured motorist coverage protects you in the event you are involved in an accident with a driver that does not carry any bodily injury coverage or has very low limits of coverage and is therefore unable to fairly compensate you for your injuries.
Our experienced automobile accident attorneys are very familiar with all of the different types of insurance coverages, and constantly stay abreast of new developments in automobile insurance laws, including the new PIP laws that went into effect earlier this year.
As the name implies, collision coverage relates to property damage claims. Carrying sufficient coverage to repair or fix your vehicle is always a good idea as the at-fault driver may not have suitable coverage.
Property damage coverage covers any damage caused by your own negligence to another person’s vehicle or personal property.
I would highly recommend purchasing gap coverage, especially if your vehicle is leased or financed. If your vehicle is totaled in an accident, gap coverage will cover the difference between the value of your car at the time of the accident and the remaining balance you owe on the vehicle. If your car is totaled in an accident the insurance company issues you a check for the current value of the vehicle. Without gap coverage, this check could be insufficient and you may have to continuing making payments on a vehicle that you no longer own.