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Message
re: Why do we pay for uninsured/underinsured motorist when we already have full coverage?
Posted on 8/10/22 at 7:06 am to TigrrrDad
Posted on 8/10/22 at 7:06 am to TigrrrDad
quote:
It must vary from company to company. My son just got new insurance and you can’t have both collision (or comprehensive - I forget which one) and also have uninsured motorist because it’s redundant coverage. Whereas he had both when he was on my policy through a different company.
That's for Uninsured Motorist PROPERTY damage only. It has nothing to do with uninsured motorist injury claims you may suffer from the other guy being uninsured or not having enough.
0
Posted on 8/10/22 at 7:09 am to Lutcher Lad
quote:
So, if anyone tries to sue me...good luck
Okay.. but UM covers you when an uninsured motorist hits you. Nothing to do with you being sued
Posted on 8/10/22 at 7:14 am to DevilDagNS
quote:
Health insurance does not cover general damages or lost wages if you can't work.
General damages? What does that even mean?
Lost wages can be covered under disability. And if I’m in that bad of shape after an accident where I can’t work on my computer from home after two weeks then I’ve got bigger problems.
I’m not paying for insurance to protect me if I become a vegetable in a car accident.
Posted on 8/10/22 at 7:25 am to TeddyPadillac
quote:
I’m not paying for insurance to protect me if I become a vegetable in a car accident.
Neither am I, I pay insurance to protect my FAMILY if I become unable to work etc….. but you do you
And disability generally pays a max of 66% of previous income ,
This post was edited on 8/10/22 at 7:27 am
Posted on 8/10/22 at 7:30 am to cubsfan5150
Since we have some experts in here, can you dumb it down for me?
My understanding is that:
Collision: pays other guy when I hit him
Comprehensive: pays me when I hit a tree
Uninsured: pays me when other guy hits me and has no insurance
Underinsured: pays me when other guy has low limits and fixing my Raptor is going to exceed those limits
Is that about right?
What are good limits to have, I've been meaning to increase them for a while but my agent hasn't bothered to upsell me.
My understanding is that:
Collision: pays other guy when I hit him
Comprehensive: pays me when I hit a tree
Uninsured: pays me when other guy hits me and has no insurance
Underinsured: pays me when other guy has low limits and fixing my Raptor is going to exceed those limits
Is that about right?
What are good limits to have, I've been meaning to increase them for a while but my agent hasn't bothered to upsell me.
Posted on 8/10/22 at 7:30 am to TeddyPadillac
quote:
I’m not paying for insurance to protect me if I become a vegetable in a car accident.
Good luck, especially if you live in New Orleans and have a family
Posted on 8/10/22 at 7:32 am to cubsfan5150
frick uninsured people. I got hit by a bitch that didn't have insurance. That was a bitch of a situation that I don't wish on my worst enemy.
Posted on 8/10/22 at 7:32 am to Narbona
quote:
What are good limits to have, I've been meaning to increase them for a while but my agent hasn't bothered to upsell me.
As for changing the limits, I can do it from the app in a minute. No agent needed.
Depends on your risk tolerance and budget. Allstate requires your bodily injury limits to be the same as UM, so the premium can climb pretty quickly above 50/100
Posted on 8/10/22 at 7:33 am to Narbona
quote:
Uninsured: pays me when other guy hits me and has no insurance Underinsured: pays me when other guy has low limits and fixing my Raptor is going to exceed those limits
No, both of those damages would be paid by your comprehensive, UI/UM coverage covers damage done to you, your body, your life if someone hits you
Posted on 8/10/22 at 7:40 am to TeddyPadillac
quote:
General damages? What does that even mean?
I may be wrong but I think this is what he is referring to...
Friend of mine was hit by an uninsured motorist, airlifted to Lubbock, few days in hospital then home.
His big oil health insurance wouldn't pay his hospital bills because a car was involved. They passed the buck to the auto insurer. His auto insurer couldn't collect from the uninsured guy at fault so his uninsured motorist rider kicked in and paid the hospital.
If he didn't have that rider his auto insurer wouldn't have paid the hospital, his health insurance wouldn't have paid the hospital, it would have come out of his pocket.
That sounds retarded but I think it is how it worked in his situation.
Posted on 8/10/22 at 7:43 am to cubsfan5150
I have the opposite frustration.
I believe (based on history) that the odds of my causing an accident are very low. So while I would carry collision, I would like to carry a fairly high deductible.
On the flip side, I believe the odds of getting hit by an uninsured driver are quite high. I would like to carry UM with a very low deductible.
Not allowed to do it.
I believe (based on history) that the odds of my causing an accident are very low. So while I would carry collision, I would like to carry a fairly high deductible.
On the flip side, I believe the odds of getting hit by an uninsured driver are quite high. I would like to carry UM with a very low deductible.
Not allowed to do it.
This post was edited on 8/10/22 at 8:07 am
Posted on 8/10/22 at 7:45 am to Narbona
Collision pays to fix your vehicle when you hit the other guy. Your property damage liability pays to fix the other party’s property if you are at fault.
Good limits of liability are whatever assets you’re trying to protect if someone sues because you are at fault. If you’ve got little to protect them you can have small limits. If you’ve got a millions in assets then you should have 250/500/100 with an umbrella policy.
Good limits of liability are whatever assets you’re trying to protect if someone sues because you are at fault. If you’ve got little to protect them you can have small limits. If you’ve got a millions in assets then you should have 250/500/100 with an umbrella policy.
Posted on 8/10/22 at 7:45 am to Tigerpaw123
quote:
, both of those damages would be paid by your comprehensive, UI/UM coverage covers damage done to you, your body, your life if someone hits you
Thanks.
So he hits me and I end up in the hospital. Uninsured covers me if he has nothing, underinsured covers me if he has limits lower than my losses?
Posted on 8/10/22 at 7:48 am to TeddyPadillac
quote:
General damages? What does that even mean? Lost wages can be covered under disability.
And if I’m in that bad of shape after an accident where I can’t work on my computer from home after two weeks then I’ve got bigger problems.
General damages includes compensatory damages for your pain and suffering, lost wages, loss of enjoyment of life, etc.
Say you used to be able to hunt, water ski, and have rambunctious sex three times a week. But an uninsured hit you, and your back is permanently fricked up. Nothing else docs can do, and you are in lifelong pain and can no longer enjoy your old activities. Or your hand is crushed, and you can no longer weld or operate the machinery you use on the job. You miss a few weeks of work, then they move you to a lesser paying position you can perform. You can still type, but with just one hand. Or an eye was lost in the wreck.
General damages includes compensation for these sorts of losses. Your health insurance doesn’t pay anything for lingering pain, a lifelong limp, a lost eye, or a crushed hand. Disability generally pays if you can’t do any work, so you won’t get anything from them in these situations either. Perhaps an accidental death/dismemberment policy would pay something for the eye or hand, but that requires another policy.
If you can afford UM (bodily injury version) get it. If not, good luck.
Posted on 8/10/22 at 7:50 am to cubsfan5150
quote:
when we already have full coverage?
i spy the guy doesn't know shite. word of advice, stop saying full coverage.
Posted on 8/10/22 at 7:50 am to cubsfan5150
It’s probably been pointed out in the thread but, no one is forcing you to by uninsured/underinsured motorist coverage.
And if you have deductibles, then you don’t have “full coverage” like you think. You just have comp, collision, and liability.
Now I’ll go read thru the thread to see how many people here don’t know jack shite about insurance.
And if you have deductibles, then you don’t have “full coverage” like you think. You just have comp, collision, and liability.
Now I’ll go read thru the thread to see how many people here don’t know jack shite about insurance.
Posted on 8/10/22 at 7:51 am to Tigerpaw123
quote:
No, both of those damages would be paid by your comprehensive,
No, its paid by your collision coverage. If you don't carry collision coverage, you can elect into Uninsured Motorist Property Damage coverage.
Posted on 8/10/22 at 8:00 am to DarkDrifter
I think the genuinely accepted term of "full coverage" means comprehensive and collision in addition to liability.
Posted on 8/10/22 at 8:02 am to Napoleon
quote:
I think the genuinely accepted term of "full coverage" means comprehensive and collision in addition to liability.
most people that go around saying such things have damn near state liability minimum limits and who knows if anything on UM. they are nowhere near "full coverage"... nobody gives a shite if you're carrying comp and collision or not like that makes you a baller.
This post was edited on 8/10/22 at 8:02 am
Posted on 8/10/22 at 8:02 am to TigerGman
quote:
Maybe if you had a clue what it was for you 'd stop hating it and gladly pay for it.
If you "gladly" pay for any insurance you're a moron and we are former friends on the off chance we know each other.
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