I want to talk today about a very...very...misleading phrase. Many times I've heard clients or prospective clients say "I have full coverage on my vehicle." Unfortunately, all too often this is what that person heard from an insurance agent who actually issued them Florida's minimum requirements to register, tag and operate a vehicle on Florida roads. Florida only requires no fault coverage (Personal Injury Protection or "PIP" for short) which pays medical expenses and lost wages to $10,000 with basic coverage and property damage liability coverage at $10,000 to pay for the vehicle damage for anyone you may be involved in an accident with where you were at fault.
PIP pays the benefits outlined regardless of who was at fault, hence the term no fault law, HOWEVER...Florida allows up to a $1,000 deductible on such coverage and pays medical expenses at 80% once a deductible is surpassed. If you are in an accident and deemed to be at fault and take an ambulance ride to the emergency room, and let's say you don't have health insurance, between the ambulance, hospital, emergency room doctor (which is a separate bill) and a radiologist's bill for reading x-rays at the emergency room, you can easily wind up with $1,000 owed or more. So as you can see "full coverage" is often very misleading. If you've been in an accident, our consultations are free with no obligation and we will be happy to give you a detailed analysis of your own auto insurance policy and any other driver deemed to be at fault or partly at fault will analyze their insurance company's declaration of coverage and let you know what we can do for you.
Updated: Feb 26, 2020
Posted by: Charles Franklin