Auto Insurance: If You Have Children, Then You MUST Buy This Coverage
For decades, insurance companies have tried to commoditize automobile insurance. And for the most part, they have done a pretty good job at doing so. Today, automobile insurance is being sold by lizards, cartoon characters, and even emus.
The insurance companies themselves are indeed reputable. However, when marketing efforts continue to focus more on price than coverage, consumers lose sight of the many valuable (and affordable) coverages auto insurance provides.
Case in point – uninsured and underinsured motorist coverage. In the event of an accident, this coverage will pay your medical bills and auto repairs if the at-fault party is uninsured or does not have adequate limits of insurance. But did you know uninsured and underinsured motorist coverage will respond even when you or a family member isn’t in your vehicle?
Some of the most catastrophic vehicular accidents are those involving pedestrians or cyclists. Without the same protection an automobile provides, the injuries suffered in a pedestrian accident are often severe. Even when the accident occurs at slow speed.
While anyone can become the victim of a hit and run accident as a walker, jogger, or cyclist, children are at an increased risk. Children frequently act on impulse and have yet to develop the same level of anticipation adults have. This combination can lead a child to chase a ball into the street and in front of an unsuspecting driver.
If the driver were to continue on and not stop, your family would be left to pick up the pieces – and the financial cost. Health insurance alone may pay for only a portion of the bills incurred. Therapies, rehabilitative services, and other non-medical expenses would come out of your pocket.
By maintaining uninsured and underinsured motorist coverage, you and your family will have funds made available to relieve the financial burden. Uninsured and underinsured motorist coverage shouldn’t be an option. Unfortunately, coverage is not required in all states. And in those where the coverage is required, the minimum limits are exceptionally low.
If your insurance agent or company is not offering you uninsured and underinsured motorist coverage, fire them immediately and find a new agent. Contact our office anytime to learn more.
Featured Blogs
- Fueling Your Mind with Brain-Boosting Foods
- 5 Simple Ways to Boost Your Immune System (and 1 unusual way)
- Embracing Our Roles: Renewing Our Commitment to Sustainable Living
- Tips for a Stress-Free Tax Season Experience
- Spring fitness ideas
- Inspirational women who make the world a better place
- Creating a Positive Start to Your Day
- Spring Forward: Adjusting Your Routine for Daylight Saving Time
- Gratitude - Key to a Positive Mindset
- Adopting a Holistic Wellness Approach to a Healthier You
- 3 Common Sense Things People Should Know
- Exploring Superfoods: Nutrient-Packed Ingredients for a Healthy Diet
- Unraveling the Mystery of the Extra Day
- Digital Detox: A Healthy You in a Hyperconnected World
- Financial Fitness in 2024: Budgeting and Saving Tips
- Three Joyful Habits for a Healthier You in 2024
- New Year's Resolutions: Staying Committed Year Round
- The Magic of Christmas Traditions
- Staying Healthy During the Winter Months!
- How to be a Time Management Whiz During this Busy Season
- Self-care tips for December
- Five Health “Hacks” For Happy Holidays
- Turning 65? Looking at Medicare?
- Turning 65? What You Need to Know about Signing up for Medicare
- The Smart Home: What is that?
- Important definitions to help you understand your life Insurance
- Why an Insurance Agent Makes a Difference When Buying an Insurance Plan
- Preparing For an Emergency
- Davis Insurance Fresh New Look!
- Why Do I Pay Medicare Part B
- Don’t Let Insurance Coverage Gaps Put You at Financial Risk
- It’s February And That Means It’s American Heart Month
- Starting a New Business? Don’t Forget Your Insurance
- How to Stay on Track with Healthy Goals for 2017
- Insurance and Financial Planning Resolution for 2017!
- Wishing You a Happy Holiday Season
- End of the Year Financial To-Do List
- Modest Increases for 2017 Medicare Parts A & B Premiums and Deductibles
- Open Enrollment For Health Insurance is Here!
- Eat Well, Sleep Enough and Move to Stay Healthy
- Four things to know about Medicare Open Enrollment
- Pick a Plan, then Find The Right Doctor