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The Importance of Uninsured Motorist Coverage
Frequently we see customers who select minimum limits on their Uninsured Motorist (UM) coverage. However, this could very well be a case of being penny-wise and pound-foolish.
First of all, UM is coverage for you & your passengers. Statistically, one out of every four drivers in California is uninsured. The next time you are on the road, look at the drivers around you. The odds are one of the first three cars you see is uninsured.
UM is a very inexpensive coverage to buy. As an example, one personal auto policy I looked at that had $100,000 per person / $300,000 per accident limits for UM portion & was only $32!
Many people think that UM isn't important because their collision and medical insurance will cover these expenses. However, even in the best of circumstances the medical insurance deductibles will not be covered. In addition, some medical insurance policies could exclude injuries caused by another. And, what about your passengers? Your medical insurance certainly wouldn't cover them.
As a guideline, you may want to consider setting the limits for UM to be the same as your regular automobile liability limits. So, for example, if you have 100,000/300,000 liability limits, you would also want have 100,000/300,000 limits.
If you would like us to take a look at your coverages, give us a call. We can go over your policy over the phone and can easily make any changes you would like in order to give you added comfort.
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