I have a client whose grandfather was hit by a car and killed. He left his house on a sunny, summer morning to take his puppy for a walk. He waited at the curb for traffic to clear, then proceeded through the crosswalk. Suddenly, a car backed into him. Three days later he died, and the family was left to sort through hospital bills and settle his estate.
Having worked in insurance for many years, I gently offered to discuss his car insurance coverages with the family. My friend’s immediate response was, “he wasn’t driving! How would his auto insurance help?” I promised her, his car insurance can offer coverage and probably did. I asked that she pull out his auto policy and give me a call when the time was right.
Three weeks later, she called with the policy in hand. As she scanned the list of coverages, she began to cry. “Don’t worry,” I said. “Jump to the end. Do you see a coverage that reads: Uninsured/Underinsured Motorists Coverage?” There was a pause and a sniff. “Yeah,” she answered. “$100,000 per person, $300,000 per accident. What does that mean?”
It means her grandfather’s estate could submit a claim for $100,000.
UM/UIM coverage is mandatory in some states, can be waived in others, but is important for everyone. It covers you if someone else hits you and doesn’t have Bodily Injury Coverage, as required by law, or doesn’t have enough to cover your injury, pain and suffering, or death. Please, contact us. We’d like to discuss this coverage and all your other coverages with you.
Rob Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953.