Insurance plays a significant role in bodily injury compensation in Hollywood, Florida. This is because when an accident occurs that results in physical harm, the injured party often incurs substantial medical bills and may also suffer from loss of income due to their inability to work. Insurance coverage can provide financial support during such challenging times.
In Hollywood, Florida, like the rest of the state, auto insurance policies are required by law to include Personal Injury Protection (PIP). PIP covers 80% of all necessary and reasonable medical expenses up to $10,000 resulting from a covered injury, regardless of who caused the accident. This means that if you’re injured in an automobile accident, your own insurance policy will pay for some or all of your medical costs up to the limit of your policy.
However, it’s important to note that PIP only covers economic losses such as medical bills and lost wages. It does not compensate for non-economic damages like pain and suffering or emotional distress which can be significant following a serious accident. For these types of damages, one must typically pursue a claim against the at-fault party’s liability insurance.
The role of liability insurance comes into play when an individual causes an accident Explore further resulting in bodily injuries to another person. The at-fault party’s liability coverage would then compensate for both economic (medical bills and wage loss) and non-economic damages (pain & suffering) experienced by the victim.
In cases where the at-fault party does not have sufficient liability coverage or lacks it altogether – which unfortunately is quite common – victims may turn towards their own uninsured/underinsured motorist coverage if they have elected this type on their own policy.
It’s also worth mentioning that health insurance can play a role in covering initial treatment costs following an accident until personal injury protection benefits kick-in or if they are exhausted. However, health insurers typically assert liens against any settlement proceeds received from auto insurers or lawsuits related to the accident to recover amounts paid out for accident-related care.
In conclusion, insurance plays a multifaceted role in bodily injury compensation in Hollywood, Florida. It serves as a primary source of economic loss coverage through PIP benefits, supplements recovery when at-fault parties lack sufficient liability insurance via uninsured/underinsured motorist coverage and even helps cover treatment costs initially via health insurance. However, navigating these various sources of compensation can be complex and often requires the assistance of an experienced personal injury attorney to ensure that injured parties receive all benefits they are entitled to under the law.
Injury Law Pros LLC
2122 Hollywood Blvd Suite B, Hollywood, FL 33020
954-951-9379
