Uninsured motorist coverage is part of a car insurance policy that helps pay for your medical bills or car repairs if you're hit by a driver who doesn't have car insurance. ... But if the at-fault driver doesn't have car insurance, you may have to pay out of your own pocket for those expenses.
the latest available data reveals that the state of Florida has the highest rate of uninsured drivers or motorists at 26.7 percent. This number is significantly higher than the national average which makes driving in Florida a risky proposition if you choose not to purchase “uninsured/underinsured motorist coverage.”
Drivers in Florida are not required to have either UM or UIM coverage. This coverage is simply a way to ensure a driver can best be prepared to handle the financial fallout of an accident, in the event the other driver either has no insurance or not enough. An accident can result is medical bills that climb into the hundreds of thousands. If you combine this with the fact that almost one in four drivers in Florida do not have car insurance, the cost of adding both UM and UIM coverage is small compared to the potentially large bills that often accompany an auto accident.
Your insurance carrier is required to offer uninsured motorist coverage. If you wish to reject the coverage, you must do so in writing. If you elect to reject UM / UIM coverage, realize the insurance broker will likely avoid explaining the importance of UM / UIM coverage. This type of policy tips heavily in favor of the insured person, as it exposes the insurance carrier to a much greater risk.