Quote:
Originally Posted by retiredguy123
If you have high deductibles, then you may want to buy UM insurance. But, I wouldn't buy insurance to cover my deductibles, which are fairly low.
If you can't walk or take care of yourself, you better have a very high limit on your UM coverage and a good lawyer. Most people who have UM insurance, don't have enough coverage to be very useful at paying for those expenses. Your insurance company will only pay up to the limit of coverage, and the lawyer will get a large percentage of that. Also, the amount you receive may be reduced by the medical expenses that were used even if you had good health insurance, because your health insurance provider may sue your auto insurance company for reimbursement of what they paid.
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I was referring to if you get hurt real bad in an accident and you need extra care. Not having uninsured motorist coverage and relying on medicare coverage instead does not make any sense to me at all. Medicare only pays for medical bills.
Here is the whole list that I found :
Medical bills are only a portion of what you can claim on uninsured motorist coverage. UM also pays for things like….
· loss of the future enjoyment of life
· lost wages and disability
· Long term nursing care
· wheelchairs and medical devices
· Pain & suffering
· Death
· replacement services for things you are no longer able to do: yard service, cleaning, etc.
· retro-fit your house to accommodate disabilities caused by the auto accident
Most of the list above is not covered or are limited by medical insurance.