You have made a decision to acceopt certain risks and not insure for certain potential liabilities.
So this part may have gotten lost in the conversation or it wasn't clear...what 'potential liabilities' are we talking here?
All scenarios if an an uninsured motorist hits me (let's assume fault is not clear):
- My vehicle? Covered under my collison coverage
- Myself? Covered under my health insurance...will be exposed to risk of copays and deductibles there. A few thousand $'s in most cases?
- 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?
- Uninsured vehicle? Property damage liability kicks in up to limits.
- Uninsured driver & passengers of said driver injuries: If I am at fault or gray area, worst case I guess my bodily injury liabilities would kick in...or would be exposed to being sued. Again, does my UMBI kick in here? If I am not at fault, nothing.
We already talked about my disability being generous enough to cover lost wages.
So 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?