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OTIS2 
LSU Fan
NoLA
Member since Jul 2008
18469 posts
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 11:52 am to TulaneUVA)
quote:
what 'potential liabilities' are we talking here?
The thread has much discussion, but I'll give a few minutes of thought to this post...others may chime in.
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Myself? Covered under my health insurance...will be exposed to risk of copays and deductibles there. A few thousand $'s in most cases?
Your taking the risk that you're noncovered health expenses are only a few grand. If you're injured in an accident severe enough to drain the negligent driver's coverage, the duration and expense presented by your situation can be much more. You're taking that risk
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My passengers? Covered under my bodily injury liability coverage up to limits. Might be exposed to further if sued by passengers who are injured. Does UMBI kick in here?
UM will not satisfy your passengers claims against you if you are alleged to be at fault.Your liability coverage will cover you there.
quote:
Uninsured vehicle? Property damage liability kicks in up to limits.
Yep.
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We already talked about my disability being generous enough to cover lost wages.
That's your belief. Disability benefits, as a source of support, are a helluva way to live. I know this from experience, but it's your risk.
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the way I see it, the only risk exposure I have is being sued beyond my bodily injury coverage from my passengers and the other vehicle passengers/driver. Does UMBI cover me?
I don't agree with you. UMBI will not cover claims alleging you caused injury...your liability coverage will. You can raise those limits if you wish to protect futher against that risk.
You have great comfort in your disability coverage. I hope you don't need it. And you show great confidence in the assumption your health insurance will do what you need it to do. I hope you don't need to find out. Good luck.
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OTIS2
LSU Fan
NoLA
Member since Jul 2008
18469 posts
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 11:56 am to OTIS2)
And, it took me forever to type that response because I was on the phone with a client who was hammered by an underinsured driver last year and I'm assisting him with a UM claim for the wages he lost whlie recovering from the wreck. He's in a helluva hole...lucky he had the insurance, though.
This post was edited on 12/5 at 12:00 pm
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Neauxla 
New Orleans Saints Fan
New Orleans
Member since Feb 2008
23870 posts
 Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:01 pm to OTIS2)
This thread is still going on?
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OTIS2
LSU Fan
NoLA
Member since Jul 2008
18469 posts
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:04 pm to Neauxla)
I'm done. I gave out a catch phrase in two seperate posts here yesterday...I stand by my analysis.
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yellowfin 
Illinois Fan
Paige is Pretty
Member since May 2006
51798 posts
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:17 pm to OTIS2)
quote:
And, it took me forever to type that response because I was on the phone with a client who was hammered by an underinsured driver last year and I'm assisting him with a UM claim for the wages he lost whlie recovering from the wreck. He's in a helluva hole...lucky he had the insurance, though.
Why hasn't he been paid if the accident happened last year? Why does he need someone to "assist" him with the claim?
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NaturalBeam
LSU Fan
Member since Sep 2007
12308 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:20 pm to TulaneUVA)
Get as much as you can. And increase your liability limits. What kind of assets do you own?
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ErnestTBassmaster 
Alabama Fan
White Plains, Alabama
Member since Sep 2010
649 posts
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:22 pm to AlxTgr)
Chad504boy and Yellowfin have been trolling their Shiite all day long. I posted here early this morning,and they are still asking the same questions as if no one addressed them, or posing ridiculous hypotheticals, or deliberately misinterpreting the better poster's remarks.
It is pretty cut and dried that carrying UM is a good idea. If you elect to face that risk without protection, that is certainly your choice. It is simply not a very wise choice.
This post was edited on 12/5 at 12:25 pm
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Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64712 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:25 pm to ErnestTBassmaster)
blame the lawyers, they getting up in here trying to get all paid to make everything messy.
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T Ba Doe Tiger 
LA-Lafayette Fan
ROWMCO
Member since Aug 2007
10900 posts
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:31 pm to Tbobby)
quote:
Everyone who says yes does not know what UMBI is. If you have health insurance, do NOT get UMBI.
Do you get a copy of all your passengers' Medical Ins card before putting the vehicle in drive?
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CaptainsWafer
Snapping necks and cashing checks.
Member since Feb 2006
33801 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:32 pm to T Ba Doe Tiger)
Should I go back and read from page 5 on?
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yellowfin
Illinois Fan
Paige is Pretty
Member since May 2006
51798 posts
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:32 pm to ErnestTBassmaster)
quote:
Chad504boy and Yellowfin have been trolling their Shiite all day long. I posted here early this morning,and they are still asking the same questions as if no one addressed them, or posing ridiculous hypotheticals, or deliberately misinterpreting the better poster's remarks.
trolling?
My first post in this thread said opinions vary and because your opinion is different than mine that means I'm trolling
I'm no expert on insurance but my agent is one and he advised me to decline the coverage, I haven't read anything in this thread that would change my mine.
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CajunRevolution
LSU Fan
Member since Apr 2009
28815 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:34 pm to yellowfin)
Can somebody give cliffs? I thought if you had full coverage in LA you couldn't carry full coverage and this. At least that's what Progressive told me.
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NaturalBeam
LSU Fan
Member since Sep 2007
12308 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:34 pm to yellowfin)
What limits of coverage did you agent advise you to get?
*And the 2 posts above mine should clue you in that insurance companies don't like to write UM coverage. Bad for them, good for you.
This post was edited on 12/5 at 12:36 pm
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Y.A. Tittle
LSU Fan
Member since Sep 2003
44030 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:36 pm to T Ba Doe Tiger)
quote:
Do you get a copy of all your passengers' Medical Ins card before putting the vehicle in drive?
Why do people continue to keep raising this silly red herring of anything having to do with the passengers?
Do YOU outline the specifics of any and all coverage that may be available through your policy or policies to anyone who may be a passenger in your vehicle before they get in the car and go somewhere with you? 
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Y.A. Tittle
LSU Fan
Member since Sep 2003
44030 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:38 pm to NaturalBeam)
quote:
*And the 2 posts above mine should clue you in that insurance companies don't like to write UM coverage. Bad for them, good for you.
LOL at anyone thinking insurance companies are offering for sale to the public any product that is "bad for them."
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yellowfin
Illinois Fan
Paige is Pretty
Member since May 2006
51798 posts
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:41 pm to NaturalBeam)
quote:
*And the 2 posts above mine should clue you in that insurance companies don't like to write UM coverage. Bad for them, good for you.
Are you saying they lose money on UM policies?
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Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64712 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:43 pm to yellowfin)
quote:
but my agent is one and he advised me to decline the coverage,
lol, you need a new agent that isn't "advising" you to decline coverages.
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NaturalBeam
LSU Fan
Member since Sep 2007
12308 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:46 pm to yellowfin)
I believe their margins are much smaller on UM than regular liability, but I'm not in the business so I do not know. State law requires them to offer it though, and even if you haven't paid for UM coverage, if your insurer doesn't produce a signed waiver, then they are still required to pay the UM policy limits as if you did have it.
How much liability did your agent recommend you to carry?
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Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64712 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:48 pm to NaturalBeam)
quote:
if your insurer doesn't produce a signed waiver, then they are still required to pay the UM policy limits as if you did have it.
correcto... so if you get away with no signing and not paying... consider yourself as having hit the accident lotto.
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Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64712 posts
Online
| re: Is there any reason to get uninsured motorist bodily injury insurance? (Posted on 12/5/12 at 12:50 pm to NaturalBeam)
quote:
How much liability did your agent recommend you to carry?
you saying these words on purpose?
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