Quote:
Originally Posted by bimmertl
Uninsured coverage pays an insured amounts an uninsured motorist would owe the insured for their injuries. While your medical bills may be paid, what's a lifetime injury worth that prevents you from doing things such as golfing or dancing. Worst case scenario what if an insured is killed? UM coverage steps in pays what the UM would owe.
Too many uninsured motorists in Florida and the fact they aren't insured is indicative as to how responsible they are. This coverage protects you for much more than medical bills and is something you need to have.
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I understand your point, but I don't agree. Most people, who have UM insurance, only have coverage of $10,000 or $25,000 per person. And, most UM claims are for medical bills, not "pain and suffering". So, basically you are buying insurance for medical bills when you already have full medical coverage. It's redundant. And, if you have UM coverage, your auto insurance company becomes your primary health care insurer, not Medicare. This can create a issue with getting the medical treatment you need because Medicare cannot pay until the auto insurance claim is filed. Regarding "pain and suffering", you would probably need to sue your own insurance company to collect it. And, if you only have $10,000 or $25,000 in coverage, how many lawyers are going to be interested in suing a large insurance company when the maximum payout is so low? The lawyer would end up with half of the money anyway. That is why I purchase a large liability amount and no uninsured motorist coverage at all.