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Should I Carry Uninsured & Underinsured Motorist Coverage on My Personal Umbrella?

By June 3, 2020 Insurance

We have all heard the horror stories. A family of five is burdened with outrageous medical bills because of an accident caused by a drunk driver who could not afford insurance due to his bad driving record. A father is hit by a struggling college student with state minimum limits while riding his bicycle. Or the pair of retired sweethearts fall victim to a hit-and-run driver.

It is estimated that one in eight drivers carry no auto insurance at all. And many drivers that have insurance only carry state minimums which in Indiana at this point are only $25,000 per person and $50,000 total per accident.

If you or a family member are seriously injured in an accident caused by an uninsured or underinsured driver, the medical bills can really add up! While your health insurance may pay for some of your medical bills, it will not cover lost wages, pain and suffering, loss of income and earning potential, and more. Your auto policy should cover you for up to your policy limits, but will that be enough?

It is our recommendation at Black & Ramer Insurance that you also add uninsured and underinsured motorist coverage to your personal umbrella policy to give you an added level of coverage. Please call our team at Black & Ramer Insurance today to discuss this important coverage in more detail.