Talk of The Villages Florida - View Single Post - Car insurance rates just had their biggest annual jump in 47 years.
Thread: Car insurance rates just had their biggest annual jump in 47 years.
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Old 09-15-2023, 06:05 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by danglanzsr View Post
Uninsured motorist coverage essentially buys liability insurance for the other driver if they caused the crash. The amount of coverage it buys for the other guy is equal to the amount of your own liability insurance. If you or someone in your automobile is killed by an uninsured motorist (and the are not all “illegal migrants”, by any measure), your family would receive no compensation.

Suggesting that extensive medical insurance will cover all your losses, even though the other driver is uninsured, is not very smart. “Pain and suffering” from a crash includes permanent disability, as well as the medical costs. As an attorney for many years, and having seen many seriously injured clients resulting from uninsured and under insured drivers, I would never go without uninsured motorist coverage.
Can you please explain your second sentence? I have $1 million in liability coverage. Are you saying that any uninsured motorist coverage I buy would provide $1 million in liability coverage for an uninsured driver? Wouldn't the premium be extremely high?