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Question on auto insurance
Our auto insurance is up for renewal and we are debating about the expense of adding uninsured motorist to the policy. We have a 10 year old vehicle and they want an additional $225 for that rider. Opinions please?
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In my opinion, uninsured motorist insurance is a waste of money. You are paying to insure someone who doesn't have their own insurance. The only thing it will cover is medical costs for you and your passengers, and for "pain and suffering" if you decide to sue your own insurance company. But, if you and your passengers already have health insurance, it will basically not cover anything. Damage to your own car is already covered by your collision and comprehensive insurance, and your liability insurance covers damage that you cause. Fortunately, Florida is a state that does not require uninsured motorist insurance. Some states do. So, I save money by not buying it.
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You might want to talk to an insurance specialist or lawyer, rather than getting advice from a self proclaimed internet expert.
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The OP asked for opinions. Obviously, you can pay for an expert.
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Florida has the highest number of uninsured motorists in the Country......I carry it.
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You might want to take a look at this website before dropping uninsured motorist coverage:
What is Uninsured Motorist (UM) Coverage in Florida? | Augustyniak Insurance Group in Jacksonville, Florida Pay attention to the percentage of uninsured or under-insured motorists in Florida...... Hope this helps. PS, we have it. |
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If I were injured in a car accident, I would not want to have uninsured motorist insurance. I would want to be able to depend on my own primary health insurance, which I know will cover my medical bills, instead of being required to rely on my automobile insurance, which is a totally unknown health insurance quantity. However, if you have the uninsured motorist insurance, your Medicare and/or other health insurance company will become a secondary insurer, and you will have to follow the automobile insurance company rules for treatment and reimbursement.
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This is interesting discussion, however the few times that I got involved with an insurance claim I recall a question asking if this was a accident, form the context, it appeared if i answered yes, then the "accident insurance" came involved. I am by no means an expert or for that matter extremely knowledgeable in this area, but my limited understanding is that you may end up holding the bag if you do not have uninsured or under-insured coverage and are relying on your medicare and supplemental insurance.
Just my humble opinion. |
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Better safe than sorry...…...
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I know someone who was in a golf-cart accident and had a certain amount of medical coverage through their golf cart policy. It created a nightmare - as RetiredGuy said, Medicare became secondary, rather than primary.
Auto insurance is so hard to understand. For example, what does "stacked" coverage mean when you have two autos, and is it needed? |
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