Thursday, April 1, 2010

Uninsured Motorist Insurance

Many agents will offer you lower Uninsured Motorist limits to save you a few dollars on your monthly premium. They are not doing you any favors.

Even with insurance mandatory in California, the numbers have remained fairly consistent. Approximately 25% of drivers are either uninsured or under insured. Because of this, it is even more important that you have this coverage set to it's maximum -which is equal to your liability coverage.

If you are in an accident caused by one of these uninsured or under-insured drivers, it is this coverage that will not only fix your car, but also pay for any hospitalization, lost wages, etc.

Say you are hit by a young driver with minimum liability insurance (15/30/10 - split limit) - your car can get fixed with their 10k property damage coverage, but now you have neck pain, and severe head aches that prevent you from working while you recover. Their 15k of liability coverage, will not go very far in replacing your medical bills and lost wages. But if you had 100k or more of Uninsured Motorist coverage - your insurance could pick up were theirs let off.

Don't let your agent talk you out of this important coverage.

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