(Brought to you by our friends at PersonalUmbrella.com)
On average, twice as many children are killed while walking on Halloween and 1 in 8 drivers are uninsured. One smart insurance choice can help protect you and your loved ones, wherever you may be — on a sidewalk, in the street, or in a car. It’s called Excess Uninsured/Underinsured motorist coverage and it’s easy to add to your auto or your personal umbrella policy.
How it works: Excess UM/UIM protects you and your passengers when you’re not at fault for an accident and the other driver doesn’t have any (or enough) insurance to pay for essential medical care, lost wages, pain, and suffering, emotional distress or property damage.
Real-World Case Study
Jeff, a parent volunteer at his son’s school, was driving a group of eight kids in his minivan to trick or treat in a neighborhood with safe sidewalks and bright streetlights.
John, a fellow volunteer parent, decided to ride along and lend a hand as a trusted adult.
Also on the road was Richard, a local small business owner, who had prescription drugs in his system. He regularly drove while using his medication, against the advice of his physician and pharmacist.
Right after Jeff parked the minivan and the group was exiting the vehicle, Richard lost control on a turn and crashed into them. He proceeded to drive through a barrier, fleeing the scene, and was later arrested at home.
Tragically, a 10-year-old child was killed. Jeff and two other children were seriously hurt with multiple injuries that required extended hospital stays and a wide range of long-term therapies, both physical and psychological.
Richard was only carrying state minimums thinking that was enough, but coverage for medical bills of this magnitude was exhausted quickly.
Because Jeff had a personal umbrella policy with $1MM excess UM/UIM, it covered the gap left by the underlying policies to take care of his medical bills and those of his passengers.
Contact us at (248) 531-8300 to see how we can help you add an umbrella policy today!