Fort Lauderdale Car Accident Attorney Blog
Umbrella insurance policies can provide great relief, both to policyholders and those injured as a result of negligence by policyholders.
While Florida law requires drivers to retain a minimal level of auto insurance, umbrella insurance policies aren’t mandated, but they can cover liability damages stemming from a crash. So if one’s auto insurance maximum isn’t enough to fully compensate injured parties for wreck-related costs, the next move would be to see if any other applicable insurance policies may be in place.
Because many people don’t carry umbrella insurance, injured parties usually go straight to their own carrier for uninsured or underinsured motorist coverage, which is supposed to cover the difference between the at-fault driver’s coverage and actual damages, up to the policy limit. But, when the negligent party does have an umbrella policy, your own carrier may require that you make a claim under that policy first, before pursuing UM coverage.