Articles Posted in phantom vehicle

Uninsured/Underinsured Motorist (UM/UIM) coverage – governed by section 627.727, Florida Statutes – is first-party insurance designed to compensate insureds for both economic damages (such as medical expenses and lost wages) and non-economic damages (such as pain and suffering) resulting from motor vehicle accidents caused by uninsured or underinsured drivers. Although every automobile insurer authorized to…

Florida motor vehicle insurance policies offer a variety of coverages. PIP and Property Damage — Liability are mandatory coverages. Others, like bodily injury and uninsured/underinsured motorist (UM/UIM) are not. An uninsured vehicle is one that does not maintain bodily injury coverage or, like a hit-and-run phantom vehicle, cannot be identified. Interestingly, UM coverage may be…