Suggestion: Many states require that drivers purchase an uninsured motorist policy in addition to their own liability coverage on their vehicles
and at least in my state uninsured motorist coverage only applies when the person that hit you has absolutely no insurance (paid for and in full effect on that particular day and time)
or they fled from the scene and can't be found.
However, few states if any require UNDER-insured coverage . That's a supplemental add-onto clause in the policy that says if you are injured by somebody else who doesn't have a very high policy limit on their plan, your own plan will kick in to make up the difference (up to a certain limit of its own of course.)
YOU pay for this and you choose the coverage limit that you're comfortable with and think is realistic.
I had such an Under-Insured Motorist plan for the first two years that I rode out on the public streets, then I decided to save money: so I not only switched insurance companies but I dropped that type of coverage.
I kept a pretty low liability policy of my own and uninsured motorist coverage (I think I may have kept comprehensive to cover deer collisions; it wasn't much $).
But I dropped the supplemental coverage that would kick in if the At-Fault driver's own policy had a low limit.
Well ... two weeks ago I got hit by a distracted driver who plowed into me as I sat at a red light.
His insurance policy might have a $15,000 limit.
I'll bet my first visit to the emergency room was close to that!
And since then I've had a whole series of follow up appointments with other doctors: a neurologist, orthopedic, etc, and every one wants a different type of imaging:
x-rays
CAT scans
MRIs
ultrasound...
$$$$$$$
An article about this possible problem,
and this one's written by Progressive,
which happens to be both my insurance company for this year and the insure of the vehicle that ran me down!
https://www.progressive.com/answers/uninsured-vs-underinsured-coverage/
and at least in my state uninsured motorist coverage only applies when the person that hit you has absolutely no insurance (paid for and in full effect on that particular day and time)
or they fled from the scene and can't be found.
However, few states if any require UNDER-insured coverage . That's a supplemental add-onto clause in the policy that says if you are injured by somebody else who doesn't have a very high policy limit on their plan, your own plan will kick in to make up the difference (up to a certain limit of its own of course.)
YOU pay for this and you choose the coverage limit that you're comfortable with and think is realistic.
I had such an Under-Insured Motorist plan for the first two years that I rode out on the public streets, then I decided to save money: so I not only switched insurance companies but I dropped that type of coverage.
I kept a pretty low liability policy of my own and uninsured motorist coverage (I think I may have kept comprehensive to cover deer collisions; it wasn't much $).
But I dropped the supplemental coverage that would kick in if the At-Fault driver's own policy had a low limit.
Well ... two weeks ago I got hit by a distracted driver who plowed into me as I sat at a red light.
His insurance policy might have a $15,000 limit.
I'll bet my first visit to the emergency room was close to that!
And since then I've had a whole series of follow up appointments with other doctors: a neurologist, orthopedic, etc, and every one wants a different type of imaging:
x-rays
CAT scans
MRIs
ultrasound...
$$$$$$$
An article about this possible problem,
and this one's written by Progressive,
which happens to be both my insurance company for this year and the insure of the vehicle that ran me down!
https://www.progressive.com/answers/uninsured-vs-underinsured-coverage/
