By Rich Ferreira, Rich Ferreira Agency
If you are in an accident with a hit-and-run or un/under-insured driver, whether in a car or as a pedestrian, who pays for your injuries. In this case, you insurance company changes roles and represents the uninsured driver to cover your injuries arising from that driver’s negligence. Your damages, including injury, lost wages and there will need to be a settlement between you and your insurance company.
The state does not require you to have U/M, but it hard to not want to protect yourself from injuries, especially with the high deductibles you have on your medical insurance and with the chance of uncovered lost wages. In addition, your medical plan will not likely give you special dermatology coverages and may fall short on long term care.
Consider at least 100/300 (100k per person and 300k per accident) as a minimum coverage. This may work fine for those not needing to cover wage losses and longer term care. Otherwise we recommend 500/500 as a minimum. Remember not to take a chance with your overall potential losses caused by an uninsured or under-insured motorist.
Rich Ferreira offers FREE 1-hour insurance seminars in our Oro Valley office on Saturdays. No soliciting during or after. No sales follow-ups.