Posts Tagged ‘underinsured’

Do you need uninsured motorist insurance?

Saturday, August 28th, 2010

Most of us think that if we are in an accident, the insurance company will cover all of our expenses.

Most of us also think that everyone is required to have insurance in order to drive a car in Virginia.

Neither of these are true.

Virginia allows drivers to pay just $500 as an ‘Uninsured Motor Vehicle fee’ and not get any type of auto insurance.  That’s a lot less than the car insurance premiums that many people pay!  In today’s economy I would imagine that more and more people are taking this less expensive route and ‘crossing their fingers’.

Virginia also allows people to get relatively low coverage limits of $25,000 for bodily injury or death for one person and $50,000 for bodily injury or death for two or more persons.  A driver can also get only $20,000 coverage for property damage.  That’s less than most cars cost today!

If you are in an accident and the responsible person has no or very limited coverage you may be left with property damage and/or medical bills and not enough money to pay them.

That’s why it’s important to talk to your insurance agent to make sure you have sufficient uninsured or under-insured motorist coverage.

After all, the person who is most interested in seeing that you will have your bills covered is YOU.

No, I’m not an insurance agent.  But as an attorney, I see a lot of clients that really needed to have more coverage when an accident happened.

I don’t want that to happen to you!