The Insurance Research Council is reporting that several hundred thousand
drivers have dropped their insurance in the past year. One of the reasons
cited for this drop is the job losses due to the economy, as people cut
back on their expenses. However, completely dropping insurance coverage
is not only foolhardy, it is also illegal. Most states require some sort
of basic coverage. In Florida, owners of vehicles are required to have
Personal Injury Protection coverage and collision coverage. Anything more
than that is completely at the discretion of the owner. Highly recommended
is Bodily Injury Coverage, as well as Uninsured/Underinsured Motorist
Coverage. Bodily Injury Coverage provides for injuries that are caused
by the driver of your car to other people. But with so many people dropping
their insurance coverage completely, it is urged that all drivers carry
Uninsured/Underinsured Motorist Coverage. That will provide for your injuries
in the event the driver that negligently hit you has no coverage or only
limited coverage. Lilly, O’Toole & Brown urges everyone to contact
their insurance agent and discuss Uninsured/Underinsured Motorist Coverage.
