NEVER PLAY GAMES with uninsured and underinsured motorists coverage
Credit: www.vlipsy.com |
“I’m an excellent driver.”
That's nice to know, Rain Man. But not everyone else is.
And what if you are hit by one of them and it turns out that
they have no insurance?
This is why uninsured motorists' coverage (UM) is so
important.
Or, what if they only have the state minimum limits? (Most states require a $25,000 per
person minimum limit. You can burn right through this on an ambulance ride.)
This is why underinsured motorists coverage (UIM) is so
important.
Certain states, such as Colorado, combine the two. Others, such
as Arizona, list UM and UIM as separate line items. Other states simply list both
coverages as UIM.
No matter how your state labels it, NEVER PLAY GAMES WITH
UM/UIM!
You’re driving along minding your own business and obeying
all the rules and, through no fault of your own, you sustain injuries.
What will your policy do?
This is where UM/UIM kicks in. UM/UIM pays for:
- · Medical bills.
- · Lost income.
- · Pain and suffering.
- · Long-term care (which is not just for seniors).
In my opinion – and I think a majority of injury attorneys
will agree with me – UM/UIM is just as important as your liability coverage.
This is why even if you, like the Rain Man, are an excellent
driver, you want to carry very high liability limits such as $250k/$500k or higher as the
more liability you carry, the more UM/UIM coverage will be available.
Somer carriers offer a UM/UIM option on umbrella policies.
So NEVER buy auto insurance without UM/UIM, and never take
UM/UIM limits that are less than your liability.
If you have any questions, my contact information is below.
30+ carriers ... 30+ states
Auto-home-commercial
Offering life & business benefits in Colorado
DOUG NEWMAN
303-902-5503
epsinsures@gmail.com - www.epsinsures.info
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