I Have Medical Insurance. Why Should I Buy Uninsured Motorist Coverage On My Car Insurance Policy As Well?

There are a couple of different reasons why should purchase uninsured motorist coverage in addition to medical insurance. For one, your medical insurance covers your medical bills, which won’t necessarily cover 100% of your medical bills. Depending on your medical insurance, sometimes you will have deductibles and copays that you would pay out-of-pocket for, even if the accident was not your fault. Moreover, your medical insurance is not going to cover any lost wages, inconvenience, or incidentals. For instance, let’s say you have to go to physical therapy, travel 10 miles every day to get there, and lose an hour of work every day. None of that would be covered by your traditional medical insurance in the instance of an automobile accident.

The problem with only having medical insurance is that there’s a limit to damages. It strictly pays medical bills. As mentioned, it also doesn’t necessarily pay 100% of your medical bills. You’d still be responsible for copays and deductibles. If you add uninsured motorist coverage, it would protect you from having to pay out-of-pocket expenses. Furthermore, lost wages could also be a big item. Assuming you’re unable to work, it’s not fair to be out of money.

In regard to property damage, you can purchase collision coverage for your car. That covers your vehicle regardless of who is at fault. However, if you have an older car and rather not have collision coverage on that vehicle, sometimes it doesn’t make sense to have it in terms of cost. You can buy uninsured motorist property damage. That way, if you’re in an accident and your vehicle sustains damages, your uninsured motorist property damage coverage would cover your car. There are limitations on other insurances, but uninsured motorist property damage would cover all your damages in that case.

Is Uninsured Or Underinsured Motorist Coverage Affordable?

Uninsured or underinsured motorist coverage is generally affordable. When you look at your policy, the initial cost of your coverage tends to be the biggest expense. To add on coverage is generally pretty minimal given what your insurance already costs. When clients ask me whether it is affordable to add uninsured or underinsured motorist coverage, I tell them to bring me their policy to review it. When we look at it, it is so minimal that they say, “That didn’t even occur to me. I never looked at it that way.” Again, the most significant expense is the initial coverage you have. It’s normally not the uninsured motorist because it’s only going to pay in a specific situation.

For more information on Uninsured Motorists In Ohio

a free no obligation consultation is your next best step

Get the information and legal answers you are seeking by calling (330) 286-0474 today.

Do you want to learn more about personal injury?