We all strive to drive with care and caution not only for our own safety, but for the safety of others as well. We hope that we all diligently follow traffic rules and carry an adequate auto insurance policy. However, even if we all do everything right, there is still a chance that we could find ourselves seriously injured in a car accident.
While we never expect to find ourselves in a severe accident, we try to be as prepared as possible by carrying the proper insurance with what we believe to be sufficient coverage. However, no two accidents are alike. Car accidents vary in severity as well as any associated injuries.
With this in mind, let’s take a closer look at insurance policy limits and how this may affect your car accident case.
What are Policy Limits?
Policy limits are fairly easy to explain. In the State of Florida, all drivers are required to carry PIP (Personal Injury Protection) and PDL (Property Damage Liability) insurance policies. PIP typically covers up to $10,000 in qualified related medical expenses while PDL will cover $10,000 of any property damage caused by the accident.
So these base policies have a limit of $10,000, meaning that if the accident you were involved in results in financial damages that exceed your policy limits, you may be in trouble.
What Happens If My Damages Exceed My Policy Limits?
It is not very often that we find damages that are not fully covered by insurance policy limits. While there are some cases where this does occur, it is not typical. If we find that this is the case, there are legal avenues that we will take to ensure you are fairly compensated and taken care of.
More often we find that insurance companies will do whatever it takes to pay out as little compensation as possible. In either case, unfair compensation is to blame.
What Causes Damages to Exceed Policy Limits?
So if this is not a regular occurance, what might cause excessive financial damages that would exceed policy limits?
If everyone were following the rules set by the state, we would have fewer issues when it comes to auto-related accidents. Unfortunately, there are drivers on the roads that don’t carry any insurance whatsoever!
In Florida, PIP is set up to cover your own personal injuries and PDL is set up to cover any damages done to the other vehicle involved in the accident. So what happens when an uninsured driver collides with you and your car?
This is where things can get messy. If the other driver doesn’t have adequate coverage, you may be left with hefty bills and unmatched compensation.
If you’re finding yourself left with a massive financial burden after an accident, contact a lawyer as soon as possible to discuss your options and explore how you can have your injuries and damages covered.
Hiring An Accident Attorney In Downtown St. Petersburg
It should not be expected that you know the ins and outs of insurance coverage and compensation. You deserve to have experts on your side to help you fully understand your case and your options.
Please contact one of our attorneys at Pipas Law today to help you get the compensation you deserve.