Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
|
||
|
||
Uninsured Motorist Auto Coverage
Are you over paying for uninsured motorist coverage on your auto insurance when you Medical Advantage Insurance plan covers you in a auto accident?
|
|
#2
|
||
|
||
__________________
Identifying as Mr. Helpful |
#3
|
||
|
||
Quote:
I do remember reading this some time back. Trouble is, now I'm really confused. |
#4
|
||
|
||
I don’t think so. Medicare or Advantage plans still have things they will not pay for. Some example you might have copays/coinsurance for ER or hospital stays, max out of pocket deductible, ambulance or medivac if needed, possible dental etc. After going through the plan thoroughly, decided worth the extra coverage especially given the high number of underinsured or not insured on the roads.
|
#5
|
||
|
||
I have read and I fully understand what uninsured motorist insurance covers and what it does not cover. It is mostly, but not completely, redundant with my health insurance. In my situation, I would never file a claim for this insurance, so, to me, it would be a waste of money. For the expenses that it covers, I can afford to self insure. So, I choose to not pay for it and save a few hundred dollars. I would suggest that everyone research and understand what you are paying for because most people I have discussed this with do not understand the coverage. Good luck.
|
#6
|
||
|
||
Quote:
OP, this is one person's take on UM. Please read the other thread and decide after thoroughly discussing this coverage with your agent. It all depends on how much exposure you can bear financially. |
#7
|
||
|
||
I agree (and do not carry uninsured/underinsured motorist coverage). I do believe, however, that if you check, you will find that if you were seriously injured and you carried said coverage you can sue for damages other than purely medical reimbursement AND since the other motorist has no coverage, your own insurance will pay -- hence you would be in fact suing yourself (successfully) for additional monetary compensation.
Last edited by n8xwb; 05-03-2024 at 07:34 AM. Reason: Typo |
#8
|
||
|
||
Quote:
|
#9
|
||
|
||
Quote:
|
#10
|
||
|
||
Quote:
|
#11
|
||
|
||
You don't need uninsured motorist insurance to sue the other motorist.
|
#13
|
||
|
||
Quote:
Uninsured Motorist Coverage in Florida: The Truth About Uninsured Motorist Coverage |
#14
|
||
|
||
Quote:
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. |
#15
|
||
|
||
Quote:
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. |
Reply |
|
|
|