Yes, uninsured motorist coverage is worth it for the vast majority of drivers. It is one of the most affordable coverages on your auto policy, and it protects you against a risk that is more common than most people realize — being hit by someone who cannot pay for the damage they cause.
Roughly 13% of drivers nationwide are uninsured, and many more carry only state-minimum liability limits that are far too low to cover a serious accident. In Florida, the uninsured rate has historically been among the highest in the country. If you drive daily, the odds of eventually being in an accident with an uninsured or underinsured driver are significant over a lifetime of driving.
Uninsured motorist coverage typically adds $50 to $200 per year to your auto policy, depending on your state and limits. For that cost, you get coverage for medical bills, lost wages, and pain and suffering if an uninsured driver injures you. Compare that to a single emergency room visit that can easily cost $10,000 or more, and the math is obvious.
Florida allows "stacking" of UM coverage, which means you can combine the UM limits from multiple vehicles on the same policy for a higher total limit. If you have two cars each with $100,000 in UM coverage and stacking is enabled, you have $200,000 available. Stacking costs more but can significantly increase your protection.
We recommend uninsured motorist coverage for every driver we work with. The cost is minimal and the protection is substantial. At Truscott, we make sure your UM limits provide meaningful protection. Request a Truscott policy checkup and we will ensure this critical coverage is on your policy.
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