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.

But, are 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.

UM/UIM insurance 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.

Medical Payments,

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 Coverages.

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. 

[Source: https://bestcarinsuranceblog.wordpress.com/2015/12/02/the-importance-of-car-insurance/]