When you are involved in a collision, it is always reassuring to know that you have personal automobile coverage. In most cases this is enough to ensure that you are protected from a serious financial loss. One in seven drivers in the United States are uninsured. In certain high risk states, such is Mississippi; the number is almost as high as one in three.
In these occurrences, you may find that your insurance will not cover your costs and you are personally liable. Having uninsured or underinsured motorist protection is absolutely imperative. If someone hits you, and they are at fault, the only way you will receive compensation is if they have money to give you. In these trying economic times, it is unlikely that they have this money just lying around. So, the only way to be made financially whole is to have uninsured motorist protection.
In addition to potential damage to your vehicle, you may be injured in a collision involving an uninsured motorist. In most instances, your medical bills would be covered by the at fault driver’s insurance. However, if the at fault driver has no insurance, you are liable for the entire cost of your medical care. Such medical care can cost tens of thousands of dollars.
This type of personal automobile coverage is typically relatively cheap, but the peace of mind it offers is invaluable. Uninsured motorist coverage can range anywhere from $20,000 to $1 million. When considering how much coverage you personally need there are a number of factors to consider.
First and foremost, you must consider how much your vehicle is worth. If you drive a relatively inexpensive vehicle, then a large sum policy may not be the best option for you. Furthermore, the potential loss of wages due to a short or a long-term disability resulting from the collision must be considered. In addition to the potential injuries to the driver, you should also consider the potential injuries to your passengers or family members. In the event you are struck by an uninsured motorist as a pedestrian, you would find yourself personally liable for your medical bills. With uninsured motorist insurance, you will be protected against this as well.
It is never easy to consider all of the potential problems which may arise due to a collision, but this is a relatively easy problem to anticipate. For a small amount each month, you can guard against potentially devastating financial loss due to vehicles being damaged or physical injury. If you have questions regarding car insurance, let Blue Sky Coverage help you find a policy that suitable for you and your family’s trip. Call us today to get a personal auto coverage quote.