A very common bodily injury insurance policy in Florida is called a 10/20, meaning $10,000.00 per person and $20,000.00 per occurrence. This means that the insurance company will indemnify (pay for) their insured (the driver/owner of the at fault car) up to $10,000.00 per person BUT ONLY $20,000.00 per occurrence (generally an occurrence is an accident). Thus, if there is one person that is injured in the accident, then the policy provides up to $10,000.00 of coverage. If two people, it provides up to $10,000.00 per person. But if there are three people that are injured, it provides at most $10,000.00 per person BUT only $20,000.00 for all three in total. If there are four or five people injured, then again there is only $20,000.00 in total and a maximum of $10,000.00 per person. Further, the same rules apply to 25/50 policies, 50/100 policies, 100/300 policies, and so forth but the numbers simply change. It is important to note that the injured person may ALSO have underinsured motorist coverage available to them, over and above these limits. In all of these cases, when there are multiple parties and the injuries outweight the total amount of the policy, insurance companies commonly set “Global Settlement Conferences”, which attempt to resolve all the cases within the policy limits.
If you have been in an accident, please call Drucker Law Offices at 561-483-9199 or 954-755-2120, 305-981-1561, or 561-967-3840 – Principal office in Boca Raton plus satellite offices in Miami, Coral Springs, Boynton Beach, Lake Worth and West Palm Beach. The law firm only charges fees and costs if it recovers money for you. Attorney Gary Drucker offers a free consultation in any of the offices or at your home or in the hospital. Please call to set an appointment today! The law firms helps people that have been involved in accidents and help resolve global settlement cases and deal with underinsured motorist coverage issues.
