Quote:
Originally Posted by retiredguy123
I admit that I am not an expert on how UM insurance works when someone is injured in an accident with respect to medical bills. But, I don't understand your second two paragraphs. I assume that someone with UM insurance that covers medical bills would have their UM insurance limit reduced by the amount of those payments. But, I don't have any UM insurance and I don't want it. I have excellent medical insurance and that is all that I need to cover my medical bills. Why would I want to depend on my auto insurance company to pay for medical bills when I am already covered for that? It is totally redundant with my medical insurance. The only other reasons for UM insurance would be for lost wages and pain and suffering. I don't have any wages to lose, and I am certainly not going to pay an annual premium to cover the unlikely need for a pain and suffering lawsuit, where the lawyer would skim off 40 percent or more of any settlement. Most people who have UM insurance have a limit of $100K per person which is not enough to fund a pain and suffering settlement after deducting any medical bills and lawyer fees. Most lawyers would not even take the case for that amount. In my opinion, if you are retired and have good medical insurance, you should seriously evaluate the need for UM insurance. The fact is that most people do not even know what their UM insurance covers.
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Your posts are proof of your last sentence.