{"id":4356,"date":"2019-06-28T20:10:14","date_gmt":"2019-06-28T20:10:14","guid":{"rendered":"https:\/\/veloxinsurance.com\/?p=4356"},"modified":"2023-10-19T01:22:10","modified_gmt":"2023-10-19T01:22:10","slug":"why-do-you-need-underinsured-and-uninsured-motorist-insurance","status":"publish","type":"post","link":"https:\/\/veloxinsurance.com\/blog\/why-do-you-need-underinsured-and-uninsured-motorist-insurance\/","title":{"rendered":"Why Do You Need Underinsured and Uninsured Motorist Insurance?"},"content":{"rendered":"\n

Depending on where you live in the country, the auto insurance<\/a> minimums required by law can be very low. If you are driving an expensive vehicle or sustain a permanent disability, it can be almost impossible to recoup full value for your property damage and injuries. The caps may be as low as $20,000 per accident in some states. This does very little to help you after attorney fees when you add up how much healthcare costs alone.<\/p>\n\n\n\n

And when you consider that 58 percent have less than $1,000 in their banking accounts, there may not be a lot to sue for if the auto insurance doesn’t cover it. In addition, it is easy to understand why the older vehicles in disrepair are more likely to cause an accident. It makes sense to add this coverage onto any auto insurance<\/a> policy. <\/p>\n\n\n\n

A recent study suggests that\nyour chances of getting into an accident with an uninsured driver are 1 in 8.\nIn fact, in 5 U.S. states, the number of uninsured motorists is 20 percent. You\ndon’t have to live in Michigan, Mississippi, New Mexico, Florida, or Tennessee\nto get into an accident with one of them. They can be driving down your street\nand traveling into your community from anywhere.<\/p>\n\n\n\n

Is Underinsured or Uninsured Really that Big of a Difference?<\/strong><\/p>\n\n\n\n

Unless you are involved in a\nfender-bender accident, it really doesn’t matter whether the other driver has\ninsurance or not. The cost to repair even a fender-bender on a late-model\nluxury car such as a Mercedes-Benz can cost more than the total value of this\nvehicle. This means that even the maximum payment of basic coverage from many\nmotorists would not cover the expenses. In such a case, you may be forced to\ndrive an old vehicle simply to get by until you have paid off that totaled car.\n<\/p>\n\n\n\n

And Mercedes-Benz vehicles\naren’t the only vehicles that are being destroyed at low-impact speeds of even\n8 mph. At 8 mph, the airbags can go off and inflict bodily injury like broken\nribs and concussions. An accident that is even 5 mph can crush the whole front\nfascia, the bumper, the subframe, and twist the entire front end of the\nvehicle. By the time everything is done, you’ll be lucky if you can salvage any\nparts out of the wreck.<\/p>\n\n\n\n

This is because late-model\ncars all have crumple zone technology. You won’t see large bumpers on these\nvehicles like the old Cadillac’s back in the day. Instead, they have plastic or\nfiberglass front fascias that hide tiny little bumpers that do almost nothing.\nInstead of using a bumper to deflect the crash, newer vehicles absorb the\nenergy to prevent those invisible shock waves from transferring into the\noccupants.<\/p>\n\n\n\n

Mercedes-Benz had invented\nthis technology back in the ’70s. However, it was due to regulations that were\nconcerned about bumpers hitting pedestrians that led to their demise over the\nfollowing decades. The placement of the bumper is too high and can transfer\nheavily into the pedestrian instead of causing the pedestrian to skid up the\nhood in an impact or being thrown out of the way from the brunt of the force.<\/p>\n\n\n\n

In fact, German\nmanufacturers are now producing vehicles that are made of exotic steel alloys.\nThese exotic metals require special SmartWeld technology and cannot even be\npenetrated by the traditional Jaws of Life tools that emergency rescue workers\nuse to cut trapped people out of damaged cars.<\/p>\n\n\n\n

Conclusion<\/strong><\/p>\n\n\n\n

The basic minimum coverages are not keeping up with the true costs of an accident. IN order to offset the high risks, you should always request additional underinsured and uninsured coverage<\/a>. Although you may not think you’ll ever need it, most accidents occur close to home and catch you when you are off guard. <\/p>\n","protected":false},"excerpt":{"rendered":"

Depending on where you live in the country, the auto insurance minimums required by law can be very low. If you are driving an expensive vehicle or sustain a permanent disability, it can be almost impossible to recoup full value for your property damage and injuries. The caps may be as low as $20,000 per […]<\/p>\n","protected":false},"author":1,"featured_media":9740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/4356"}],"collection":[{"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=4356"}],"version-history":[{"count":1,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/4356\/revisions"}],"predecessor-version":[{"id":9767,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/4356\/revisions\/9767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/media\/9740"}],"wp:attachment":[{"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=4356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=4356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=4356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}