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Auto Insurance: What Is PIP, BI, UM, and GAP?


Auto Insurance What Is PIP BI UM and GAP

If you have been involved in a Florida car accident, you may be feeling uncertain about how you should proceed with your insurance claim. At the Shiner Law Group, we understand Florida’s insurance programs can be exceedingly complex, particularly if you have sustained a physical injury in a motor vehicle collision involving motorcycles or commercial vehicles.

Our experienced and award-winning attorneys identify Florida’s different types of insurance programs and how you can protect your legal rights in the event of an accident:

Personal Injury Protection (PIP): Florida law requires motorists to carry a minimum personal injury protection policy of $10,000. This is sometimes referred to as “no-fault” insurance. Personal injury protection benefits permit accident victims to recover financial compensation from their respective insurance company to cover medical expenses incurred from treatment and rehabilitation, periods of disability, lost wages or reduced earning capacity, and wrongful death. (Personal injury protection benefits are not offered to motorcycle accident victims.)

If a car accident victim was wrongfully killed by the at-fault party, personal injury protection benefits will also cover the funeral expenses if the burial costs were paid by the decedent’s surviving family members.

Bodily Injury Insurance (BI): Bodily injury insurance is a type of auto insurance that covers victims in the event another party’s negligence contributed to physical injury and property damage. In many accident cases, the injuries sustained often go beyond bodily harm, and bodily injury insurance also permits victims to recover compensation for emotional distress, such as post-traumatic stress disorder (PTSD), which may cause the victims to experience disturbing dreams and flashbacks. Other signs of emotional trauma may include mood changes and a reduced ability to perform daily functions.

While a car accident victim may not have bodily injury insurance coverage, an experienced car accident attorney can help you recover compensation under certain conditions.

Uninsured Motorist (UM) Coverage: If a car accident victim has sustained physical injury or property damage, they may be entitled to financial compensation through UM auto insurance if the at-fault party was uninsured or underinsured. If your insurance company claims do not provide UM coverage, or if the insurance company negligently denied UM coverage, your car accident lawyer can advocate on your behalf to secure coverage.

Guaranteed Auto Protection (GAP) Insurance: GAP insurance is an optional auto policy provided to Florida drivers that helps cover the difference between the amount owed on the vehicle and the car’s cash value at the time of the collision—not the original value. For example, if you owe $10,000 on your vehicle and the car’s value is $5,000, if the vehicle is in need of replacing, GAP insurance will help you cover the $5,000 difference after your deductible.

It is important to note, however, that while GAP insurance can provide additional coverage (and even cover theft and negative equity), it does not cover other property damage or physical injury caused by the accident. Additionally, deductible costs, engine failure, and wrongful death are not covered under GAP policies.

Hiring A Car Accident Lawyer

Have you or someone you love been injured because of the negligent, reckless, or intentional conduct of another? Call us at (561) 777-7700 or contact us online for a free case review. The Shiner Law Group represents personal injury and wrongful death victims in Boca Raton, West Palm Beach, Boynton Beach, Delray Beach, Palm Beach County, and the surrounding counties.

OFFICE LOCATIONS

BOCA RATON - Main Office

951 Yamato Rd STE 210
Boca Raton, FL 33431
Phone: (561) 777-7700

DELRAY BEACH

1615 Congress Ave. Suite 103
Delray Beach, FL 33445
Phone: (561) 777-7700

WEST PALM BEACH

2054 Vista Parkway #400
West Palm Beach, FL 33411
Phone: (561) 777-7700

FORT PIERCE

130 S Indian Dr. STE 202
Fort Pierce, FL 33309
Phone: (772) 777-7700

JUPITER

110 Front Street #300
Jupiter, FL 33477
Phone: (561) 777-7700

FORT LAUDERDALE

6750 N. Andrews Ave. #200
Fort Lauderdale, FL 33309
Phone: (954) 999-9900

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