We wrote recently about the devastating impact of not having sufficient automobile insurance and how critical that becomes when you're involved in an accident with an uninsured or underinsured motorist. These days it comes down to the idea of buying sufficient insurance to cover yourself in the event the person hitting you doesn't carry enough or any insurance. By doing this you accept that if you are in an accident the other driver will be uninsured. In California the Insurance Resource Council estimates there are more than 4 million drivers without insurance. Better covered than sorry!
With that said what coverage limits should you have in place to adequately cover yourself against an uninsured/underinsured driver? In reality you should purchase as much insurance as you can up to a point. A minimum level of coverage of $100,000/$300,000 for Uninsured/Underinsured Motorist is reasonable... buy more if you can afford it. Having medical payments coverage is extremely affordable and allows you to direct your care and enlist the services of Chiropractors and other allied health care professionals of your choice. Many insurance agents will steer you away from medical payments coverage by telling you that you already have health insurance and based on our experience this is almost always bad advice.
Another aspect of insurance that often goes unexplored is listing all licensed drivers in your home on your policy. Some insurance companies will not cover drivers that live in your home if they aren't listed on the policy. The last and possibly most important thing you should do is actually read and understand your policy. Your agent wants to sell you insurance and it's up to you to know what you're actually buying and then be certain that it's want you want and need.
We help with serious issues that require serious representation. We are the Law Offices of Guenard & Bozarth. We have over 70 years of experience on our legal team and we also have a former insurance company defense attorney in our plaintiff's only law firm. Call GB Legal 24/7/365 at 888-809-1075 or visit www.gblegal.com We Can Help!