It’s starting to snow – again – as I write this. Watching on the news what happened in Atlanta after their freak snowstorm got me thinking about all the accidents that happened and the fair number of people who were injured by uninsured drivers. I wonder how many of those injured people have uninsured/underinsured motorist and medical payments coverages on their own policies to pay for their injuries, pain and suffering.
Some estimates say as many as one-third of drivers on Colorado roads don’t have any auto insurance or they have only the minimum amount, which usually isn’t enough. If you’re hurt in an accident on an icy street by one of these uninsured drivers, having med-pay and UM/UIM coverage on your own auto policy gives you the security of knowing your insurance will pay for your injuries.
Insurance companies in Colorado are required by law to offer med-pay and uninsured/underinsured coverage as part of any auto insurance policy. If the insurance company tries to “save you a little money” on your premium by signing a waiver form, I advise you not to sign. You may save a little but wind up losing a lot in the end. UI/UIM coverage is crucial and medpay is a great deal. You shouldn’t be without them.
I can give you real-life examples of how these two coverages have helped many of our clients avoid financial disaster. Give me a call at (303) 7584777.