Do you really need more than the legally-mandated minimum for un/underinsured motorist coverage, if your auto policy collision coverage covers the car damage and your (separate) medical insurance covers injury treatment? Only seems useful for passengers...
2007-08-03 05:29:01 · 9 answers · asked by adrienneiii 2 in Cars & Transportation ➔ Insurance & Registration
Only if you get hit by an uninsured motorist and have a lot of injuries.
In many states, health insurance does NOT cover injuries in auto accidents. In ALL states, it doesn't cover lost wages, stays in rehab facilities, nursing care, services you have to hire while you can't perform them yourself, or pain and suffering.
Insurance is a bet. UM/UIM coverage is cheap, because MOST of the time, people don't use it. But when they DO need it, it's a really good thing to have.
UM/UIM does NOT cover damage to your car, contrary to what the above poster said.
2007-08-03 05:38:22 · answer #1 · answered by Anonymous 7 · 2⤊ 0⤋
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2016-09-25 04:30:35 · answer #2 · answered by Jimmy 3 · 0⤊ 0⤋
Yes, you do need it. It is for bodily injury to you if you are injured in an accident caused by an uninsured or underinsured motorist. Be SURE it matches your liability limits. In many states, health insurance is secondary to the medical payments or PIP on your auto insurance for injuries due to an accident. Also, there are deductibles & co-payments on health insurance, there is no deductible or co-payments on medical payments on auto insurance & only some states have that on their PIP coverage.
Check the archives in this forum & see HOW many people ask questions about what to do because they had an accident while uninsured.
Would you NEVER sue if you were injured in an accident? What if you ended up in a wheelchair, what if you lost a limb? Would you still NOT sue? If you still wouldn't, maybe YOU don't need the coverage, but it is SO cheap. Would your passengers feel the same way? Would you take that chance over $20 or $30 per year?????
2007-08-03 06:19:32 · answer #3 · answered by Sue 6 · 1⤊ 0⤋
I would HIGHLY recommend it! It's dirt-cheap coverage and if you are unlucky enough to be hit by an uninsured or under-insured driver you'll be thankful that you had it.
I was in an horrific accident about 15 years ago with a driver who had the state mandated minimum coverage. My UIM/UNIM coverage paid all of the excess medical costs for my treatment as well as the ACV of my car even though I didn't have collision coverage on it AND my lost wages while I was recovering. For the $20 odd it costs me, it's damn sure worth every penny IMHO.
2007-08-03 07:04:31 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If you have a reasonably new car by all means it's worthwhile.
For instance: If you are involved in an accident and the other person's at fault out of the blue sky this person has no insurance! Who do you think gets stuck fixing your car?
If you have an old winter beater worth less than 3 grand, you may be brave enough to skip it. If you have deep pockets of course you can do without the added coverage.
2007-08-03 05:37:09 · answer #5 · answered by Country Boy 7 · 0⤊ 0⤋
There is such a thing as 'stacking coverage', but how it works depends on how the policy is written, and which state you are in. The language in the written policy is NOT ambiguous, I promise - even if it's tough to get through. The kind of suit you're talking about, is called errors and ommissions - however, the insurance company doesn't pay for what you THINK is covered, they pay for what you bought. You can sue the agent, for professional liability, but you have to actually prove that they gave you wrong information. As it was all verball, it will be pretty much IMPOSSIBLE. Just because you understood what he was saying wrong, doesn't mean he SAID it wrong. SO. If they're still telling it to you wrong, ask them to put it in writing. THEN you have a case. But you seem to have purchased minimum coverage . .. which is what you got, sorry.
2016-05-17 08:03:50 · answer #6 · answered by ? 3 · 0⤊ 0⤋
You do not really need it, it just makes life easier. fi you do not have it you would have to sue the uninsured motorist i order to collect for damages. This costs time and moey. then when you actually win you have to collect the money, which in most cases the motorist cannot afford insurance let alone a large injury and damage bill. Since they cannot pay, their wages will be garnished to pay their debt, so you sill get a very small amount for many months/years.
You will still have to pay for your bills and damages, so this may end up putting you in debt. So unless you are well off and can afford the damages that can result it is worth it. for more information visit http://www.auto-insurance-knowledge.com/uninsured.html
2007-08-03 06:26:36 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Uninsured and underinsured coverage is manditory in some areas, and the premium for it is penuts,
2007-08-03 12:58:13 · answer #8 · answered by Chris F 3 · 0⤊ 0⤋
hi...
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2007-08-03 06:09:26 · answer #9 · answered by Anonymous · 0⤊ 4⤋