Most people don’t realize they are underinsured until it’s too late. More and more often we are hearing from clients that they cutback on insurance coverage, sometimes even at their insurance agents suggestion, in order to save on costs not realizing how this would affect them when they needed that coverage the most.
Understanding insurance coverage can be difficult and auto insurance is no different, but spending a few minutes to understand your coverages can be worth everything compared to finding out that you were lacking what you and your family needed when disaster strikes.
The primary coverage that covers you and the people in your vehicle is uninsured motorist coverage. Whereas bodily injury coverage only covers anyone else that you may injure, uninsured motorist coverage covers you and the people in your vehicle in the event that another negligent driver does not have enough coverage. In other words, if you were hit by an uninsured driver this is the only coverage which will actually help you. Oddly enough, this is the first type of coverage that most people are told to drop in order to save money.
Another often overlooked coverage is medical payments benefits. This benefit will pay for medical treatment related to an accident up to the limits of the coverage purchased. It has no medical group or network limitations so you can treat with any licensed healthcare provider including medical doctors, physical therapists, and chiropractors.
Now with this basic understanding the only question is how much coverage is correct for your family and your situation? This is a question that can only be answered by reviewing your household’s potential liabilities and risks.
Make sure you are properly insured. If you have any questions as to what types or how much coverage would be recommended for your situation feel free to ask.
The Law Office of Van R. Irion represents personal injury clients in Knoxville and surrounding areas of East Tennessee, including Knox County, Sevier County, Loudon County, Anderson County, Blount County, Monroe County, McMinn County, Jefferson County and Claiborne County and the cities of Sevierville, Gatlinburg, Vonore, Madisonville, Alcoa, Sweetwater, Farragut, Tellico Plains, Loudon, Lenoir City, Athens, Oak Ridge, Greenville, Maryville and Clinton.
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