The Importance of Car Insurance
UM/UIM AND Med Pay
When buying car insurance
many people are concerned with saving money. Insurance companies advertising
campaigns are based on how much money you can save if you switch.
you really saving if you pay less for your car insurance? In Colorado drivers are
only required to carry $25,000 per person bodily injuries.
This amount barely covers the cost of an ambulance ride and
emergency room hospital visit. It leaves little, if anything, to compensate a
person injured through no fault of their own for medical expenses, treatment,
lost wages or pain and suffering.
coverage, known as Uninsured/Underinsured coverage, fills in the gap if the
negligent driver who caused the accident does not have any car insurance
or not enough insurance to compensate the innocent injured parties.
If you or your passengers are injured and require medical care
and treatment UM/UIM can be invaluable. It is worth its cost in protection. Along
with medical payment coverage, it can make a big difference in the medical care
and treatment available.
UM/UIM will provide
protection and coverage if you are hurt by a hit and run driver. Hit and run
drivers are considered uninsured motorists and UM/UIM coverage will apply.
Without this additional coverage, you may be responsible for all payments,
medical and property damage.
referred to as ‘med-pay’ may be the best spent dollars of your insurance policy. It is relatively inexpensive and provides for the most important matter, yours and your passengers health. It can make a big difference to your recovery by being able to obtain all the medical care and treatment necessary to heal from your injuries.
In Colorado insurance
companies are required to provide a minimum of $5,000.00 medical payment
coverage. An insured could choose to deny this coverage; it must be done in
writing. This emphasizes the importance of medical payment insurance coverage.
Be sure to discuss with your agent the cost of increasing the medical payment
coverage to $25,000 or even $100,000 per person for each accident. A serious
injury could cost in excess of these amounts quite easily.
Protect yourself, your
family and friends by having sufficient amounts of UM/UIM and Med-Pay Insurance
Remember, if you or anyone
you know is injured through no fault of their own, call us, we are available to
help you through a very difficult ordeal.
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