Why Every Driver Needs UM Coverage

In an economy where insurance companies lure customers online with the promise of saving 15% on car insurance and everyone is understandably looking for ways to save, you should know what coverage you are getting and, even more importantly, what you are not getting.

Imagine a scenario where you have been badly injured by a careless driver. Despite your best efforts at getting healthy, you need spinal surgery and will be out of work for weeks. In the meantime, you learn that the other driver, like so many, carried only the minimum of $10,000 in liability coverage. That won't even cover your hospital bills, let alone compensating you for your lost wages or your pain. Too many times I have had to deliver the terrible news that the person who hurt them carried little or no insurance, and has no realistic way of paying any judgment. To make matters worse, my client earlier rejected UM (uninsured/underinsured motorist) coverage on their own policy to save money. It was a decision they fully regretted.

While you can't prevent a careless driver from suddenly injuring you, you can prevent the above nightmare by sitting down with your insurance agent and purchasing healthy limits of UM coverage. If you can, strongly consider springing for a $1M umbrella policy, which will protect not only your own assets if you are sued, but also provide a means of significant recovery if you become seriously injured by a careless driver. I hope you never need it, but if you do, you'll be glad it's there.