“If I’m on Medicare do I need uninsured and underinsured motorists’ coverage?”

Credit: www.miller-ogorchock.com


Not long ago, someone asked me an excellent question: “If I’m on Medicare do I need uninsured and underinsured motorists’ coverage?” (UM/UIM)

The answer is YES! You absolutely need UM/UIM if you are on Medicare.

UM/UIM is the part of your policy that pays if you are hit by a driver with no insurance or without sufficient insurance to cover your losses from the accident. It also pays in the event of a hit and run. It is every bit as important as liability coverage. (To learn more, about UM/UIM, and why you should NEVER play games with it, please read this article.)

If you are on Medicare, you need to carry UM/UIM for the following reasons:

  • You never know for sure what your medical insurance will pay in the event of an accident. 
  • UM/UIM is not just for medical expenses. It can also pay for: 
    • Pain and suffering. 
    • Long-term care. 
    • Lost income. (I was asked this question by a self-employed solar professional who had no work-based disability plan.)

To learn more, please call me.

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