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Do you really need ununderinsured motorist coverage if your collision coverage covers the car damage and separate medical insurance covers injury treatment?
Wiki User
∙ 16y ago
Underinsured motorist coverage protects YOU against the other driver not having enough coverage to handle your losses. Say they are At Fault and carry 15/30/10 (the minimum in most states, but even 25/50/20 if you want) - that means any one person they injure is covered for 15K max...to a total of 30K for all injured people - so if you had 3 people in the car the max payout would be 30K - with no one getting more than 15K. Your medical damages are 35K - actually a fairly small amount considering todays costs. He is underinsured...you only get 15...pay the other 20. Your passengers, each of whom had say 25K of medical...they each look to you for the rest too (which because of the 30K max...which you used 15K of, is actually another 35K!). As to your car....he's responsible for at fault damages to property...so if he only carries 10K property damage...and your car is worth 15...start reaching for the checkbook. And if he pushed you into someones else's car, or living room...welll....
The weird thing is without underinsured coverage...presuming your carrying something like 100/300 - your insuring the worthless slug for much more than he is providing for you. Even stranger...if he had no insurance....you would be covered up to your maximums anyway.
It is a very inexpensive add on so i can't see why it would be a place to skimp....just increase your deductible to really save something.
Wiki User
∙ 16y ago
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Can I get insurance to cover collision in Illinois?
You can get insurance to cover collision in Illinois. Simply check with your automobile insurance provider and add collision coverage to your coverage.
What does collision coverage What does collision coverage?
In automobile insurance, collision coverage provides for repairing a vehicle when it is damaged due to the fault of the insured. Liability insurance provides for cost of repair of the OTHER vehicle if you damaged it.
Can you sue the state for hitting a deer your car is total and your insurance will not pay?
You are required by law to have liabilty coverage, but not collision coverage. If you did not have collision coverage then you are not due any compensation by your insurance company. If you did have collision insurance and the insurance company will not pay, then you may be able to sue the insurance company, but you cannot sue the state.
Can I get insurance to cover collision in Virginia?
Most insurance companies will offer a package for collision coverage, if you qualify for coverage. Inquire your local companies in Virginia for information and insurance policies.
Why You Need Virginia Collision Car Insurance?
Drivers need Virginia collision car insurance to protect them financially in the even they cause crashes that damage their cars. When such events occur, collision insurance pays for damage done to cars belonging to the insured. Liability insurance carried by insured drivers covers damage done to the property of others. Collision insurance makes sure that drivers can have their cars repaired after an accident.Obtaining Collision InsuranceDrivers can buy collision insurance whenever they get a quote for auto insurance coverage. Drivers can evaluate the cost of collision coverage and compare it with the benefits of that coverage. Insurance agents can help drivers evaluate the need for collision insurance coverage. Drivers who own expensive cars usually want to carry collision coverage to control the financial impact of repairs. Auto owners who finance their vehicles also need collision insurance coverage. Usually, banks and finance companies require car buyers to purchase collision coverage to protect the interests of the lienholder. After owners pay off their car, they can choose to drop collision coverage.Getting Advice About Collision InsuranceDrivers can get advice about collision insurance from their insurance agents, insurance companies or financial advisors. These professionals will gather information about the financial condition of drivers, and the value of their cars and the cost of collision coverage to help drivers decide whether to buy or forgo coverage. Drivers who own cars outright can drop their collision coverage, especially if they must keep their insurance costs to a minimum. Drivers without collision insurance must accept full financial responsibility if they cause wrecks that damage their cars.Shopping Around For Collision InsuranceDrivers should shop among several car insurance companies before choosing a policy that includes collision insurance. The lowest price for coverage may come from insurance companies other than the ones with the lowest liability-only coverage. By shopping all alternatives, drivers can find the lowest price for the needed amount of collision insurance coverage.
What is a type of auto insurance that covers damages to the car resulting from collision with another car or object?
It's called Collision coverage and is usually purchased along with Comprehensive coverage when you buy your auto insurance. If you purchased the collision coverage option when you bought your auto insurance policy it will be covered.AnswerThird party car insurance.
Will your insurance pay you direct for a hit and run claim?
If you have collision coverage then yes, car insurance companies will cover the damages caused to your car, or medical treatment required, within the stipulations of your policy. However, if you don't have collision or underinsured/uninsured motorist coverage, then you will not be covered for the damages to your property or self.
What is collision in car insurance?
Collision is a slang term for coverage on your car if you cause the accident.
Does your insurance cover such things as collision repair?
When you arrange for auto insurance, you have a number of options for the type of coverage you want. Collision repair is one of those options. If the vehicle is financed, collision and comprehensive coverage are required. If coverage exists, refer to the policy for details. www.insurance.com
How do i go about getting my totaled and financed car covered by an insurance company that let me get a policy with no collision?
The insurance company would not have required you to get insurance coverage, as it is an optional coverage from the insurer's standpoint. The bigger issue is that the company through which you financed the car would have required collision coverage because it was interested in protecting the value of the collateral. Therefore, it may have obtained "forced-placed" collision coverage on the car and charged the premium to you (through your car payment). If that was done, you would normally have rec'd notice of it and been given a chance to get collision coverage and produce proof of it. Furthermore, collision coverage would have to have been in force at the time of the collision; it would not be retroactively applied to cover the loss.
You have no collision coverage and was hit by another car what can you do?
Collision coverage covers accidents you are at fault for. Their insurance should pay for any damages to your vehicle.
What insurance is needed in case of a car collision?
Collision coverage, also known as auto collision insurance, is the part of your auto insurance that most always pays for damages to your vehicle in the case of an accident.
