Today's news had a scary story about how the bad economy is causing drivers to let their car insurance lapse. On my firm's web site, we talk about Wisconsin Car Insurance & Umbrella FAQs.
In light of today's news, I can't impress on you enough the urgent need to have Uninsured Motorist Coverage (“UM”) as well as Underinsured Motorist Coverage (“UIM”) in case you are in a Wisconsin car accident (or car accident elsewhere for that matter). I've seen some horrible car accident injuries and the worst accidents are very frequently caused by someone who has minimal car insurance limits of say $25,000 or $50,000. Often my clients think their agent gave them "full coverage," but that's far from true.
UM and UIM car insurance protects you! Buy it for yourself to protect you from Wisconsin drivers who have no car insurance or little car insurance. I tell friends to carry UM and UIM car insurance limits of at least $250,000. With the increased cost of medical car and horrible changes in Wisconsin law (lobbied for by companies like American Family, State Farm, Allstate, Liberty Mutual, Progressive, Sentry, etc.), limits of $100,000 are not enough. In fact, if your family income is more than $100,000, it certainly makes sense to have an umbrella insurance policy with UM and UIM coverage for $1,000,000 or $2,000,000.
Why so much? If your family is driving to Grandma's for Christmas and an uninsured driver crosses the center line and hits you head on, which I've seen, you can easily have insurance claims that amount to $1,000,000 or $2,000,000. And if such a horrific car accident should happen, don't trust the good hands of your insurer to pay your family fairly because as Allstate Claims Manual shows those represented by personal injury lawyers settle claims for about 3 times more than those who do not have reputable personal injury lawyers.
Wisconsin Personal Injury Lawyer
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