car insurance write off advice
You probably have never heard of it, or if you have, you can not really know what it is. The uninsured motorist coverage (UM) is a type of coverage is available on your Washington automobile insurance policy. UM coverage is designed to pay for damages that were caused by an uninsured driver.
Driver A type of coverage is very uncertain (UIM) coverage. UIM is designed to pay for damages caused by another driver who does not have sufficient insurance to fully compensate for all damages. UIM is considered "floating cover." In other words, this type of coverage floats over other insurance motorists to provide an additional layer of coverage, if necessary.
UM or UIM coverage is extremely important. In my practice, I see that most of accidents are caused by the most irresponsible citizens of our state. Usually, these people have a low-paying jobs or are unemployed. Many times have a poor driving record and can have multiple accidents. Due to the lack of individual responsibility, it is not surprising, since this is the kind of person who is responsible for causing the most accidents on our roads. And it's surprising to learn that this type of person usually does not carry auto insurance your vehicle? Or if you have insurance, it will usually be the minimum amount required, only $ 25,000. A policy of $ 25,000 does not go far especially with the high cost of medicine today.
Still, dollar for dollar, UM or UIM coverage is the best deal money can buy. Normally the cost This coverage is significantly lower than the standard liability coverage (the type of coverage you purchase to pay for the damage caused by another). But I see many people trying to save money by refusing UM / UIM on your policy. This is a big mistake.
Let me tell you about a true story. For about a year, a woman called me who had an accident several months earlier (call Janet). Janet was hit by another driver who was uninsured. The other driver was 25 years, fewer jobs, and had forgotten to buy any type of insurance in his 1990 Honda. The impact was quite significant, causing more than $ 8,000 the Janet Ford Taurus damage. Janet received a significant neck injury that ultimately required surgery to repair a herniated disc in his cervical spine. Complications after surgery and another procedure was performed. When he contacted me, Janet's medical bills were over $ 80,000. And they continue to accumulate because it was still receiving treatment and medication for his ongoing symptoms. Fortunately, Janet had health insurance through from your employer. However, your health insurance company pays only 70% of their bills. Even more unfortunate was that five (5) years before Janet decided reject UM / UIM coverage to save an extra $ 100 per year. This decision proved tragic.
Janet decision to reject UM / UIM meant she really had no recourse against the other driver. Oh, of course, could have sued him. But he was practically judgment-proof. He had health insurance and no assets. I would never have been able to collect some of that young. There was insufficient UM / UIM coverage, Janet could have secured compensation from her own automobile insurance company. But she had rejected the coverage of years ago and never thought to renew it after its best financial position. In the end, Janet had to pay more than $ 20,000 for the medical attention he received for his injuries the past. Janet had to pay big bucks for an accident I had never done. An unjust result to say the least.
My advice to all is this: purchase as much a UM / UIM coverage you can afford. Accidents are often caused by uninsured or underinsured motorists. You never know when it might be the next victim of an accident. Coverage UM / UIM must be offered by your company. His rejection of UM / UIM must also be in writing to be valid.
About the Author:
Christopher M. Davis is the managing partner of Davis Law Group. He brings over 15 years of practical yet innovative experience to personal injury cases. He practices law in Seattle, WA. You can learn more about Mr. Davis at http://www.InjuryTrialLawyer.com or http://www.seattleaccidentnews.com .
Article Source: ArticlesBase.com – Insurance Tip: Why Uninsured Motorist Coverage is a Good Idea
improve your fuel efficiency by more than 48% and save hundreds (even thousands) per year..
