What is the Most Important Type of Auto Insurance Coverage?
Remember to ask you insurance agent about uninsured motorist coverageMany insurance agencies discourage their insurance customers when it comes to purchasing uninsured motorist coverage. Bodily injury liability coverage is the type of coverage one buys which pays the damages for injuries to others caused by that persons negligent driviing. Selling you uninsured motorist coverage is like selling every person who could possibly injure you through their negligent driving bodily injury liability coverage. This seems to be a risk which many insurance companies do not want to take on.
Be sure to buy high uninsured motorist coverage limitsBuy as much uninsured motorist coverage as you can afford. Most companies will sell uninsured motorist coverage limits as high as, but no higher than, the bodily injury liability limits you purchase. However, most companies will allow you to buy "stackable" uninsured motorist coverage. This means that you can buy uninsured motorist coverage on multiple autos, then stack them on top of one another. For example, if you were seriously injured by an uninsured or underinsured motorist and you had three autos insured with $50,000 uninsured motorist coverage each, you could stack all of the policies and recover up to $150,000 to compensate you for your losses.