Why add uninsured and underinsured coverage

The easy answer is that more uninsured drivers are on the road than you would guess. National estimates are than 13 percent of drivers do not carry any insurance.

Then you need to realize that the Louisiana minimum requirements of $15,000/$30,000 bodily injury often are not enough to cover the medical bills for even rather minor injuries.

Uninsured/underinsured policies protect you if a driver who hits your car or causes a wreck while fumbling with a Snapchat speed filter or reading a text doesn't have adequate coverage. Because these policies are optional, many people don't have them. But they are generally quite affordable.

Similarities of Uninsured and Underinsured motorist coverage

Often abbreviated to UM or UIM, these policies will pay for injuries you or your passengers suffer when another driver is completely uninsured or carries a minimum policy.

UM provides coverage in hit-and-run crashes.

UIM kicks in when the other driver's insurance is not enough to pay all the medical costs.

Costs of added coverage

NerdWallet, a financial analysis website, requested quotes from insurance companies in a number of states. It found that to add $100,000/$300,000 (these liability caps are per person and per accident respectively) UM and UIM coverage varied from state but was generally less than an additional $10 per month.

With constantly increasing medical costs, it is important to carry the right auto insurance coverage. While it's a girm statistic, the leading cause of death and injury for children and young adults is motor vehicle accidents.

In other posts, we will discuss how you should deal with an insurance company following an accident. A good first step in to contact a personal injury attorney to discuss what happened and retain an experienced advocate to be in your corner.

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