course, if you had a setback and your medical costs went on to exceed $75,000, you would not get more money because you would’ve reached your limit.
Horror Story: Everything’s Gone
Rod was killed when a car hit him head-on. The other driver’s lawyer said they had insurance but no proof that they did. However, when Rod’s mother went to file a claim, the insurance company said the car wasn’t covered. Not only did Rod’s family suffer the unimaginable by suddenly losing their loved one, but they also had the stress of a ton of expenses with no insurance payments to help cover even a little of the cost.
This is why UM and UIM coverage is crucial.
One thing to keep in mind about uninsured and underinsured motorist coverage is that it follows you , not your vehicle . This means that if you get into an accident when you’re a passenger in a friend’s or relative’s car, your policy will still cover you. Of course, if the person is underinsured, their insurance will pay up to their limit, but if there are expenses that they can’t afford out- of-pocket, that’s when your coverage will kick in.
16
Powered by FlippingBook