When it comes to auto insurance policies, too many Florida motorists purchase only the bare minimum required, so as to keep their monthly premiums low. A quarter of Florida drivers don’t have any insurance at all.
The trouble with this is two-fold. First, if you are involved in a crash with someone who is uninsured or underinsured, you will not be able to collect from them or the insurer the amount necessary to compensate you for your losses. And if you also have limited insurance – or no UM/UIM coverage – it may be extremely difficult to collect damages.
The good news is that while drivers aren’t required to carry UM/UIM coverage, insurance companies have to get a written waiver from drivers in order to drop it from the policy. Most drivers don’t do this, and that means most have UM/UIM coverage.