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Thread: Uninsured Motorist Auto Coverage
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Old 05-03-2024, 12:23 PM
retiredguy123 retiredguy123 is offline
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Originally Posted by kingofbeer View Post
Do what you want to do. The average person does not understand, why they should have this coverage. I suspect they see the large premium cost and say I don't need that.

Uninsured Motorist Coverage in Florida: The Truth About Uninsured Motorist Coverage
I suspect that most of the approved UM claims are for medical treatment for people under 65 who do not have adequate health insurance. So, if you have excellent health insurance, the UM premium would mostly be used to subsidize people who don't. In my opinion, that is not a good deal.

My insurance agent admitted to me that, in order to be paid for "pain and suffering" or a long term illiness, I would need to hire a lawyer and sue the insurance company. Also, not a good deal because the lawyer would take 30 to 40 percent of any settlement as a fee. That is why I self insure.