What is Full Coverage?
The renowned Fort Lauderdale full coverage lawyers at Anidjar & Levine are dedicated to helping Florida residents obtain full coverage for their motor vehicle needs. We have successfully handled all types of insurance claims, obtaining compensation for drivers in Miami and other areas of Florida.
Full coverage is a bit of a misnomer when it comes to liability protection. Full coverage does not “fully” cover the insured, but rather, provides the bare minimum protection required by Florida law. In Florida, this happens to be a minimum of $10,000 Personal Injury Protection (PIP) and $10,000 Property Damage Liability (PDL). The $10,000 of PIP is used to pay 80% of your medical bills and 60% of your lost wages if you are hurt in an accident. The PDL covers medical, surgical, funeral, and disability benefits. Because Florida is a “no fault” state, the insurance company pays for these damages up to $10,000 regardless of fault.
No-fault insurance also covers family members who do not have their own policy. Your PIP will protect family members who suffer personal injuries while riding in another person’s car. It will also cover you if you are injured as a pedestrian or cyclist hit by another vehicle. Under your PDL coverage, the insurance company will likewise pay up to a certain amount for property damage caused by your car, such as damage to trees, buildings, road signs, and mailboxes. It will also cover the cost to repair another person’s vehicle, even if the accident was your fault. If the accident resulted in a “total loss,” meaning it would cost more to repair the vehicle than to replace it, PDL will cover a portion of the replacement cost.
Although full coverage sounds like a lot, it is actually a pretty low amount of protection considering the high cost of auto damage and medical care. Even if you did not cause the accident, you can still be stuck with prohibitively expensive bills that can threaten your financial future. Full coverage insurance also has serious limitations of which you should be aware. First, it does not pay for repairs to your car after a crash. It will only pay for damage to the other person’s car under very limited circumstances, such as where the car is “properly parked.” Further, insurance will not cover the cost to replace your car if it is stolen. Second, you must give up some of your legal rights in order to receive full payment for your injury. You cannot sue the other driver unless you can show a “serious” or permanent injury. These are all “exclusions” set forth in the policy.
Unfortunately, most people do not think about the possibility of totaled vehicles and catastrophic injuries until it is too late. That is why over half the people on Florida roads are driving around with minimal or no insurance. So if you think you are “fully covered” in the event of an accident, think again. Full coverage requires planning ahead and purchasing sufficient insurance before an accident occurs. Because you will most likely be exposed to higher damages than the absolute minimum will cover, purchasing more liability insurance would be wise. To properly protect yourself, your property and assets, consider adding coverage for collisions, bodily injury, and uninsured motorist benefits. Florida’s “full coverage” insurance is not enough.
If you want to be “fully” covered for liability in an accident, the experienced Fort Lauderdale full coverage attorneys at Anidjar & Levine can help. We have extensive experience litigating insurance claims and recovering compensation for injured parties. We are committed to educating Florida residents about the limitations in their own policies and helping them obtain more extensive protection against liability. Our law firm offers a free policy review with recommendations to the public on how to add important coverage to supplement your insurance. At Anidjar & Levine, we have seen many accidents and know they can be devastating. That is why we are committed to ensuring you are protected by more than the bare minimum coverage. Call (800) 747-FREE today for a free consultation or contact us online.