This is a question we often ask our insureds with respect to their Uninsured/Underinsured Motorist (UM) coverage. Uninsured Motorist is likely the most important protection and one of the most misunderstood parts of the Personal Auto Policy!
Put another way, are you adequately protected?
Under the Liability Coverage Part, your Personal Auto Insurance Policy covers injuries and property damage to others resulting from an accident for which you are legally responsible. The limits listed on your policy are the most your insurer will pay under this coverage part.
Under the Uninsured/Underinsured Motorist Coverage Part, your Personal Auto Policy also covers damages due to bodily injury that you and other passengers of your vehicle are legally entitled to from another driver who is not insured or is underinsured.
For example, if your Liability Limit is $100,000 per person and $300,000 per occurrence for Bodily Injury, then your UM Limit will be the same $100,000/$300,000.
Let us assume an impaired driver who has no insurance causes an accident where he or she is clearly at fault. Let us further assume that there is significant bodily injury to you and or your passengers that will require long-term medical rehabilitative care. This medical care will probably adversely affect your ability to continue in your line of work, so your loss of income will be another loss you may suffer.
Hence “THE QUESTION:” How much are you worth? Or How much money would a lawyer seek to compensate you for your damages?
Most people answer $1,000,000 or more. WBR Insurance can provide up to $5,000,000 in our Personal Umbrella Policy, and most insurers do not offer this option in their policies. You should consider increasing your Liability and UM coverage limit. This is the only way you can guarantee you are protected from the negligent actions of an Uninsured or Underinsured Motorist.
At Virginia Beach insurance company WBR Insurance we offer a full portfolio of policies, including auto insurance. We pride ourselves in establishing personal relationships with our customers to assist you in protecting what matters most. To get a free quote for your Virginia Beach auto insurance needs, give us a call at 757-340-0028 or visit our website www.WBRInsurance.com.