Why do you have car insurance? Is it just because it is required or do you actually know the benefits / necessity?
Colorado and Nebraska’s state minimum requirement is only $25,000 in liability insurance. That means if you cause an accident, it will pay up to $25,000 in damages to the person you hit.
But what happens when someone hits you? What if it is bad enough that you have to go to the ER? What if that person only had the state minimum (or worse, no insurance) and your medical bills are over that? You will be physically and financially hurting.
You need uninsured / underinsured (UIM) insurance on your policy to protect yourself from others. When the at-fault’s insurance is not enough, you need the option to use your own insurance to help make you whole. Yes, it costs more in premiums, but imagine how much it would cost you if you didn’t have it!
Medical payments coverage on your policy is also highly recommended to help cover medical costs until you can reach a resolution with the other insurance company. Doctors don’t always agree to wait for their money and they will send you to collections.
Look at your insurance policy this week and make sure you have liability, UIM, and med pay. If you have any questions, let me know.
If you need to upgrade your insurance, I know some fabulous agents and brokers to help you get the best coverage at affordable prices.
If you are involved in an accident, contact me as soon as possible to help navigate the claims process and find all available coverage.