Archive for Insurance Issues – Page 2

UM/UIM Coverage is really important

We will try to keep this blog from solely being about insurance coverage, but we ran into the issue again yesterday.  We were retained to represent a pleasant young lady that was seriously injured in a car wreck that was not her fault.  Based on the insurance company for the negligent and wanton driver, we expect the insurance limits to be only $25,000.00.  Unfortunately, our client’s UM/UIM limits appear to be only $25,000.00.  $50,000.00 sounds like a large sum of money, but we expect this young lady’s medical bills to easily far exceed that amount.  We urge all of you to consider raising your UM/UIM limits.

We recommend $250,000, but not everyone can afford this.  You should at least make sure that your UM/UIM limits are at least as high as your liability limits.  In the case of our client, her liability coverage was $50,000.00.  If she was negligent or wanton and injured someone, that other person would have up to $50,000.00 of insurance to cover medical expenses, lost wages, and other damages.  If you have any questions about UM/UIM coverage, watch the below video or give us a call.

We also invite you to visit our Website and Car Accident Blog!

Why YOU need UM/UIM Coverage

We also invite you to visit our Website and Car Accident Blog!

I was recently told about a Protective Industrial Life Policy for which a deceased paid 27.00 weekly for 42 years and the burial benefit was $200.00. After paying premiums of $60,000.00 over 42 years, the beneficiary receives $200.00 to apply to burial expense. The Alabama Insurance Commission needs to be more accountable to Alabama consumers. This type of policies are grossly unfair to Alabama consumers. You may wish to review any policies you carry that may be essentially “worthless.” It makes me think of my friend’s mother who once made monthly “payments” for an insured telephone from the telephone company. Over the years she paid thousands of dollars for a phone worth much less than $100.00 when it was brand new. Just because you can charge someone a ton of money, does not make it the right thing to do. If you have any questions about the fairness of an insurance policy that you are paying for, please let us know.

We also invite you to visit our Website and Car Accident Blog!