Quote:
Originally Posted by Aces4
Yes, it's so worthless that 20 states or more insist insurance companies must provide this coverages to insureds. After all law makers are just trying to enrich insurance agencies that probable don't want to be on the hook for it anyway.
Self insure, that's a joke unless you have an extra million to cover your butt. Your not covering a $3,000. root canal with self insurance in a car accident.
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I'll bet you a dollar that less than 10 percent of drivers with UM insurance have a million dollars or more in coverage. Most insurance companies will not even sell you more than $300K. And, even if you have $300K, the lawyer will take 30 to 40 percent of it. Also, I believe that the primary purpose for UM insurance is to pay for the medical bills of people who don't have adequate health insurance, so the state doesn't get stuck with the indigent bill.
My purpose is to get people to understand what they are buying with their auto insurance because most people are paying for UM coverage, but they cannot explain what it covers. If you don't believe me, ask a few people.