According to recent estimates by the Insurance Research Council (IRC), roughly one in seven drivers are uninsured. A majority of drivers only carry the state minimum limits.
The Common Myth
If an uninsured or underinsured motorist hits you, many think, no worries, they have coverage, or my insurance will pay.
Your coverage is limited to the amount of coverage you have on your policy. Therefore, if you purchase minimum limits you would have little coverage if someone hit you carrying no insurance. Adding an endorsement to your personal umbrella policy will place higher limits of coverage over and above your auto policy uninsured motorist coverage.
Why Insurance Is More Than A Policy
The example above is an excellent example of why it is important to have an agent who knows and understands insurance, and one who can communicate complex issues in “English”. This allows our customers to make intelligent choices regarding their insurance.
Your insurance policy is only as good as the agent who placed it. Your agent should be asking you questions and learning about your individual risks and provide options as to how to treat your risks. When your needs change or your situation complicates, you don’t want an automated phone tree or cold cyber-agent. You want to talk to compassionate, honest insurance experts – that’s our team