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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 8:05 am to Chad504boy
Posted on 8/10/22 at 8:05 am to Chad504boy
Totally get that.
With the price of vehicles now I find it crazy to carry less than 100k in Liability.
That said.
Two types of insurance to most people.
Basic - covers the other car if you cause a wreck
Full - you're covered if you cause a wreck.
Most of the cars you see day to day that ARE insured likely carry state minimums.
With the price of vehicles now I find it crazy to carry less than 100k in Liability.
That said.
Two types of insurance to most people.
Basic - covers the other car if you cause a wreck
Full - you're covered if you cause a wreck.
Most of the cars you see day to day that ARE insured likely carry state minimums.
0
Posted on 8/10/22 at 8:07 am to Tigerpaw123
quote:
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
Collision. If you do not carry collision you can carry UMPD. Those are the only two coverages that would apply if someone else hits you.
Collision covers your car if it is hit by someone or if you do the hitting, aka regardless of fault. And the limit of the collision coverage is the ACV of your car.
UMPD would cover you if someone who was uninsured/under insured hots your car. Some companies put a limit of $25,000 on UMPD.
if you don’t have collision and you cause a wreck you are SOL.
UM/UIMBI would cover injuries and pain/suffering.
ETA Comprehensive covers your car for damages that are NOT caused by a collision. Things like flood, vandalism, trees falling on your car etc etc
This post was edited on 8/10/22 at 8:09 am
Posted on 8/10/22 at 8:08 am to cubsfan5150
quote:
Is this basically a forced money grab?
By definition, NO. You are electing to have UM coverage. If you don't want it, then exclude it. But, i guarantee you, that you will be just like the other morons in this state, that will sue you insurance company if you aren't given UM benefits when you waive this coverage. It's one of the reasons our insurance rates are so high.
Idiots, who sign a contract, excluding certain coverages because they don't want to pay the $20 more/month, then find out, after an accident that they need that coverage, and sue the insurance company for denying their claims. And then, you have idiotic juries who decide cases based on feelings and not contractual language, and trial lawyers who like to paint insurance companies as "well they have all this money so sue away". And then people bitch about why our insurance rates are so high.
Because stupidity is the norm in Louisiana. That's why.
This post was edited on 8/10/22 at 9:13 am
Posted on 8/10/22 at 8:08 am to AmosMosesAndTwins
quote:
Plus there is no such thing as "full coverage".
You’ve never seen my wife’s pajamas.
:golfclap:
Posted on 8/10/22 at 8:13 am to cubsfan5150
UM is cheap, as is comp and collision in my experience. Funny how the mandated portion (liability) is 90% of my premium. 
Posted on 8/10/22 at 8:16 am to cubsfan5150
Not sure what you mean by full coverage. That's at best a slang term.
Read the policy. It does not cover you for bodily injury or economic damages if an uninsured or underinsured driver hits you. If you want to make it cheaper limit the uninsured motorist coverage to economic losses only.
Remember, regardless of what you think a policy covers (for example, thinking that you have "full coverage") it only covers what is in the policy. If you have any doubts read the policy or discuss the issue with your agent.
Read the policy. It does not cover you for bodily injury or economic damages if an uninsured or underinsured driver hits you. If you want to make it cheaper limit the uninsured motorist coverage to economic losses only.
Remember, regardless of what you think a policy covers (for example, thinking that you have "full coverage") it only covers what is in the policy. If you have any doubts read the policy or discuss the issue with your agent.
Posted on 8/10/22 at 8:17 am to Joshjrn
quote:
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.
Amount of your deductible doesn’t have anything to do with your UM??
Do you mean the BI liability limits have to be equal to the UM limits?
Posted on 8/10/22 at 8:21 am to cssamerican
quote:
A better question is if you have $200,000 worth of contents coverage in your homeowners policy and your house burns down to the slab. You have to prove at that point you had $200,000 worth of items that burned. Yet, you don’t have to prove anything to pay for that coverage for 20 years. They will gladly let you overpay for coverage that you will never be able to collect in a total loss situation.
Maybe in Louisiana but not in Mississippi. House burns down they pay policy limits. Don’t let that eat in the way of your ignorant babbling though. It is replacement so is only paid if you replace it but go ahead
Posted on 8/10/22 at 8:24 am to Proximo
quote:
Amount of your deductible doesn’t have anything to do with your UM??
Do you mean the BI liability limits have to be equal to the UM limits?
Last I checked, I wasn't allowed to carry both collision and standard UM, unless I'm misremembering. It's something along those lines.
Posted on 8/10/22 at 8:25 am to Joshjrn
You can’t carry collision and UMPD, you 1000% can carry collision and UM/UIM BI.
Posted on 8/10/22 at 8:37 am to MsState of mind
quote:
Maybe in Louisiana but not in Mississippi. House burns down they pay policy limits. Don’t let that eat in the way of your ignorant babbling though. It is replacement so is only paid if you replace it but go ahead
In Louisiana you have to prove what you had, then the depreciate it, then you get the money after you provide receipts. So, even though I paid for a policy that covers $200k in contents when I build my new house it’s very possible I can’t purchase 200k worth of contents to put back in it.
I wasn’t babbling about ripping off insurance, or getting some cash payment, I was explaining how insurance rips off honest people who don’t understand that just because you pay for a certain amount of coverage doesn’t mean you get compensated for that amount, even in total loss situations.
Posted on 8/10/22 at 8:40 am to cubsfan5150
UM is the most important auto insurance coverage to protect me and my family
Posted on 8/10/22 at 8:41 am to cubsfan5150
Because democrats don't pay for insurance because they know you will do it for them.
Posted on 8/10/22 at 8:52 am to cubsfan5150
"We" don't ever select it on coverage....may live to regret it one day, but I'm simply not going to pay for coverage for someone else who by law is supposed to have it. 
Posted on 8/10/22 at 8:56 am to Cajun75
quote:
"We" don't ever select it on coverage....may live to regret it one day, but I'm simply not going to pay for coverage for someone else who by law is supposed to have it.
In today's distracted driving, illegals with no license world, you will.
Posted on 8/10/22 at 9:05 am to Cajun75
quote:
but I'm simply not going to pay for coverage for someone else who by law is supposed to have it.
you can still be sued by injured parties in your vehicle. also, substantial medical bills could still be had by you or family from an accident that limits coverage to less than 50k or less to whole family.
Posted on 8/10/22 at 9:10 am to White Bear
quote:
UM is cheap,
It should be in a state that has a mandatory insurance law.
Posted on 8/10/22 at 9:11 am to Napoleon
quote:
I think the genuinely accepted term of "full coverage" means comprehensive and collision in addition to liability.
Yes and no.. as this is something I deal daily. The responses I get vary greatly when a customer says "I need full coverage"... To customer A that maybe it.. customer B that could also include roadside,towing, rental reimbursement and a host of other add-ons including UM coverage..
I will say out of all the coverages.. UM is the one I've got to explain the most b/c a lot of people simply don't understand it. But I believe in it due having to use it 3 times in the last 15 yrs..
Posted on 8/10/22 at 9:15 am to magildachunks
quote:
For as much shite that the dems get ( and rightly so) too many on this board are so ate up with team politics to realise that the last time the Republicans were in power, they raised their pay and gave themselves better healthcare while stripping the ability (as shitty as that ability was) of working class folk to get any sort of healthcare.
Can’t be stated enough. The ruling class doesn’t care about any one of us.
This post was edited on 8/10/22 at 9:16 am
Posted on 8/10/22 at 9:19 am to cssamerican
quote:
In Louisiana you have to prove what you had, then the depreciate it,
This is why I tell customers to have and inventory list of their belongings along a quick video walk thru of their home.. As well as opting for personal property replacement endorsement on that policy as opposed to acv
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