dedmiston wrote:
they t-boned us as they fled the scene. My wife's head went through the window and she needed a zillion or so stitches in her forehead. There's no way to put a price tag on that, but the price would have been zero if we didn't have the uninsured coverage.
Ask your agent about your uninsured coverage and see what he/she has to say about it. A good agent will talk you out of buying unnecessary coverage. Also think about asking your agent about any hypothetical mods on your vehicles (lifts, special tires, sound equipment, fifth wheel hitch, etc.).
Dave, thank you for the very informative explanations. I am supposing they will help many who read this.
My first question was sort of rhetorical, as we typically decline under/un-insured motorist coverage for the reasons you explained.
Essentially, I'm betting the value of my deductible that I won't get in a no fault accident with an un-insured party. And as well, the other "losses" you mentioned, rental car costs, personal property in excess of the stated limits, etc.
It was good to hear it from an "un-biased" 3rd party, as we all know our insurance companies are "for profit" businesses!
Regarding your example that I quoted. Absolutley correct, save for if one has health insurance, if there is no other "insurance" to subrogate to, then health insurance covers it (again, betting the amount of your Emergency visit, ambulance coverage, deductible, co pay, etc).
I learned a long time ago how insurance companies sometimes determine "fault" and it is not always objective. Case of a bad car accident. Myself/passenger vs another car w 2 people. Other car totally at fault IMO, unless you consider turning left in front of someone going straight through a green light partial fault. In the end, I was deemed like 10% at fault. I believe the total cost of the accident exceeded the other party's limits, no other explanation considering the other driver got 2 moving violations. It affected my parents insurance rates though, ultimately.
I also don't trust subrogation or fault determination and folks look at me weird when I say, if I'm in an accident that I am certain I'm not at fault, I don't divulge my insurance info. Now, I'm sure it can be found....internet...somehow. But back in the day, it worked. No proof of insurance, my company did not get a call (wasn't my fault anyway, but not taking the chance of partial fault). No proof of insurance ticket is easy to get dismissed IF you actually have insurance!
Thanks again for the intel.
