Increase your Uninsured/Underinsured Motorist Coverage Now

[UDRider]

Keep in mind that that usually means liability insurance, so still does you no good if under insured/un insured plows in to you. You need to look under that.

 

[Breaking Daniel]

I checked my coverage after reading through the original thread ( hope you're doing better today OP ) and found that I had the same 100/300 that most riders seem to have. I'm thinking about changing it to $500k CSL. Doubt my bike can cause more than $50k of damage to any vehicle / property. So that leaves me with $450K in medical coverage for me ( or any one I hit ). What do you guys think ?
Wow. This is good to know.

HOLY SHIT! I just checked with my insurance and USAA makes it to where you UIM is equal to your Bodily Injury Liability amount. I just changed mine to 1Mil/1Mil from 100/300 and my monthly premiums only increased by $12/month. Now I have more liability insurance as well as a ton of UIM. Click for larger image.

Thanks Arch for the life lesson here. Sorry it came at your expense.

 

[Whammy]

HOLY SHIT! I just checked with my insurance and USAA makes it to where you UIM is equal to your Bodily Injury Liability amount. I just changed mine to 1Mil/1Mil from 100/300 and my monthly premiums only increased by $12/month. Now I have more liability insurance as well as a ton of UIM. Click for larger image.

Thanks Arch for the life lesson here. Sorry it came at your expense.

View attachment 455656

I too need to call USAA and increase my coverage's.

!2 bux a month isn't much at all to have piece of mind.
Muchos Sergeanto!

 

[redtail]

I know this was discussed in my accident thread, but I thought it was worth a separate thread for those who didn't read that one.

I just wanted to say thank you Archimedes! I know this must be a trying time for you and your family, but I appreciate that you've started the conversation that may very well help more than one of your fellow riders. You have my admiration and respect.

Get well soon Dude!

 

[Breaking Daniel]

I just wanted to say thank you Archimedes! I know this must be a trying time for you and your family, but I appreciate that you've started the conversation that may very well help more than one of your fellow riders. You have my admiration and respect.

Get well soon Dude!

+ a million thanks to the man for immediately thinking about how to help others during a troubling time in his life.

 

[fast4d]

I have kaiser HMO.

wont that cover my medical?

 

[sainineeraj]

thanks for sharing this, I did not have UM coverage on my policy, just updated. I am using Geico for some reason they don't offer more than $2k in medicals. I do have another health insurance though. My motorcycle is the only vehicle i Own at the moment and with the recent change I am paying $1019 per year for 2014 1190 KTM. with good driver and MSF course discount

I have

100/300k liability
$5k property damage - figured how much property i can damage with a motorbike
$2k - medical
100/300k - UM
$1000 deductible with comprehensive/collision
towing

Am I paying too much?

 

[Josh_SLR]

I spoke with my insurance agent yesterday about the $1M umbrella coverage. He said the umbrella coverage is for LIABILITY only - meaning it only covers the damages/injuries you caused to others, but this does NOT cover your own damages/injuries.

The only way to increase coverage to your own injuries is to increase uninsured/under-insured/medical to yourself, vehicle-by-vehicle. If you have 4 vehicles you need to increase the coverage on each separate vehicle; there is no "umbrella coverage" to cover your own damages/injuries across multiple vehicles.

Another surprise to me - un-insured (U)/under-insured (U1) coverage is only good if the other guy causing the accident is known/found. It does not cover hit-n-run, since the insurance company "does not know" if the party that ran away (and not found) is insured or not. In hit-n-run you're only left with medical coverage to yourself. This seems like technicality BS but the agent said insurance is all about technicalities. :|

The first part you said is true. In order for Um/UMPD to kick in the insurance company has to be able to prove that the at fault party doesn't have insurance or doesn't have enough insurance.

The Medical on a MC or Auto policy is excess to your health insurance please keep this in mind.

Isn't that liability insurance? So in case you are found at fault and have to pay someone.

All Auto/MC insurance is Liability except the medical and comp or collision. Liability will pay for the damages you cause to someone else not someone in your car or to yourself.

HOLY SHIT! I just checked with my insurance and USAA makes it to where you UIM is equal to your Bodily Injury Liability amount. I just changed mine to 1Mil/1Mil from 100/300 and my monthly premiums only increased by $12/month. Now I have more liability insurance as well as a ton of UIM. Click for larger image.

Thanks Arch for the life lesson here. Sorry it came at your expense.

View attachment 455656

It is very inexpensive for higher limits. The issue is most people say well I am on a motorcycle I cant cause that much damage. What if you crash and take out someone in a crosswalk. What if you crash and your bike hits a lambo. what if you crash and cause a fire and someone dies in it. This does happen they are not all what ifs.

I too need to call USAA and increase my coverage's.

!2 bux a month isn't much at all to have piece of mind.
Muchos Sergeanto!

 

[Josh_SLR]

I have kaiser HMO.

wont that cover my medical?

Kaiser will cover your medical but the Medical on your policy will pay for deductibles and chiro and other things. It will also cover people in your car.

 

[Josh_SLR]

I checked my coverage after reading through the original thread ( hope you're doing better today OP ) and found that I had the same 100/300 that most riders seem to have. I'm thinking about changing it to $500k CSL. Doubt my bike can cause more than $50k of damage to any vehicle / property. So that leaves me with $450K in medical coverage for me ( or any one I hit ). What do you guys think of that VS lets say $250k/$500k/$100k coverage ?



Wow. This is good to know.

No. The way CSL works is like this. If you have 500K that is all you have for the whole accident. That includes property damage and liability. Non of this will be used for you. This is all a 3rd party insurance.

In some ways CSL is better in some ways split limits is better. It all depends on what you want and what you are comfortable paying for.

one car crash with 4 injuries. with CSL you can spend the 500K on any of it.

one car crash with 4 injuries. with split limits you have it like this. Say 100/300/100

you get 100K per person injured. no more then that. you have a max of 300K total. so if all 4 people in the car have over 100K in injuries you are coming out of pocket. If the property damage is less then 100K you are fine. if it is not you are coming out of pocket.

This is where a umbrella will come into play. If you use that 100/300 up then the umbrella kicks in to cover the rest.

If you own a home, car and bike get an umbrella. If you have a good job get a umbrella.

if you cause more damage then you can pay for they can take future wages.

Please remember we live in CA and everyone loves to sue people here. Will they win I don't know but if you have the right insurance you will be fine.

 

[Josh_SLR]

you can also have comp and collision and liability on a dirtbike, sandrail and other toys. If you do it is very inexpensive and can save your @ss if you are in a crash on a trail or your bike is stolen.

 

[Gary856]

you can also have comp and collision and liability on a dirtbike, sandrail and other toys. If you do it is very inexpensive and can save your @ss if you are in a crash on a trail or your bike is stolen.

You can? When I asked my State Farm agent about insuring my dirtbike they were like, "What?"

 

[Josh_SLR]

You can? When I asked my State Farm agent about insuring my dirtbike they were like, "What?"

You sure can and you should. Attached is a mock up quote for a 2014 crf450x

I did all of my info on it and my zip code so it is a real quote for this bike. 100/300/50 with medical at 5k and comp and collision at 500 each its only $346 a year.

 

[UDRider]

So how can one insure himself/herslf from hit and run? Seems like it's happening a lot late, or at least we hear about it more.

 

[Archimedes]

Isn't that what civil court is for? To reclaim the difference in cost? How are you feeling?

I just can't bring myself to sue someone for a mistake, where there was no malice or significant irresponsibility involved. If necessary, I may request his parent's cover certain costs so I don't have to come out of pocket, but I don't think I would sue.

 

[Archimedes]

Not only civil court but you do not have to accept any settlement if you are not happy with it. If you do not like what the other insurance company is offering you do not take it, do not deposit a check and do not sign anything. Go through your insurance and work with them to make you whole. Your insurance will take care of you and they will collect the money from the other company.

My UM/UIM limit is $100k and, in California, since the other party has $100k coverage and that insurer has already agreed to pay the full $100k, my insurer pays nothing. There's no recourse to either insurance company beyond $100k total. My only option would be to sue the other party directly, and I'm not inclined to do that.

 

[Archimedes]

I have 1 million umbrella coverage so Hopefully I am covered

Read your policy. Most likely UM/UIM incidents are specifically excluded from coverage. I have a $1 million umbrella and there is an exclusion for this.

 

[Entoptic]

I just can't bring myself to sue someone for a mistake, where there was no malice or significant irresponsibility involved. If necessary, I may request his parent's cover certain costs so I don't have to come out of pocket, but I don't think I would sue.

You're not suing them for their mistake. You are suing them for the damages that weren't covered.

 

[Josh_SLR]

Read your policy. Most likely UM/UIM incidents are specifically excluded from coverage. I have a $1 million umbrella and there is an exclusion for this.

This is true but you can add UM/UIM to a umbrella policy but it is about the same price and the umbrella without it.

 

[Josh_SLR]

So how can one insure himself/herslf from hit and run? Seems like it's happening a lot late, or at least we hear about it more.

What you need to do is have medical on your policy, health insurance and have comp and collision on your policy. Your health insurance will pay to fix you. your medical on the policy will cover deductibles (depending on how much coverage you have) and your comp or collision will fix the car.