Ever wonder how auto insurance claims are paid?

In the state of Florida, claims are paid as follows:

1.   Personal Injury Coverage (mandatory; a.k.a. “No Fault”) – covers up to $10,000 of medical bills (80% of your own medical bills and 60% of your own loss wages and a $5,000 benefit for funeral expenses, all inclusive with the $10,000 limit)

2.   Medical Payments (optional coverage) –  covers you, other members on auto insurance agreement, passengers in insured vehicle (regardless who is at fault),  and pays for your medical bills after PIP is exhausted.  (Food for thought: Adjusters will mandate monies paid for doctors bills with this coverage first, IF you suffer wage loss, giving PIP coverage more leisure to pay for your wage loss benefit.)

3.   Liability Coverage (Bodily Injury and Property Damage) – if you cause damage to a person and/or their property this will be covered depending on the policy limits  you choose; this does not include your own injuries nor property.

4.   Uninsured/Underinsured Motorist Coverage protects you and other drivers in household and/or under insurance policy  in case another driver causes you bodily injury and does not have enough coverage, or no coverage, to pay your medicals bills and loss wages in a not at-fault accident.  If you have health insurance, some companies may cover this in lieu of owning said coverage or after insurance claims have been exhausted through the auto insurance company.  Check with your healthcare network provider to assure coverage.

Here at CWI Underwriters  we pride ourselves in representing companies that have the best claims service in town. Located in the Plantation, Fl area, yet offering competitive auto insurance to the entire state of Florida, give us a call! 888-636-6438 or check us out online at www.cwiunderwriters.com

Uninsured Motorist, What does it cover?

Covers you, the insured members of your household and your passengers for bodily/persona injuries, damages, or death caused by an at-fault insured or hit-and-run driver. What if you are involved in an accident where the other driver is at fault but has no insurance? Your policy will cover your medical expenses up to the limit on your policy. Who benefits from buying uninsured motorist bodily injury coverage? The millions of people who currently have no health insurance. That is why it is important to choose the adequate limit of Uninsured Motorist coverage (UM), because anything above the limit chosen, you are personally responsible for paying the additional amount. Did you know that Florida is among the TOP 5 states of uninsured motorists? That is why CWI underwriters is passionate about making sure you are covered properly. Let us review your current insurance policy to see if we can better your coverages! Call us 888.636.6438 or visit us at www.cwiunderwriters.com