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What do insurance agents know about uninsured motorists?

By Ken Gibson on July 29, 2016

Back by popular demand is local insurance agent Jay McGlohn, Vice President of Gloucester Southside Agency, a Towne Insurance Agency.We asked Jay for his take on uninsured or underinsured motorist (UM/UIM) coverage:

GibsonSingleton: You must get complaints from people about having to get “uninsured/underinsured motorist” coverage, but what is your perspective on that?

Jay McGlohn: I tell my customers that uninsured motorist coverage becomes your insurance if the “at-fault” party is uninsured or underinsured.

Example: If you are injured in an auto accident caused by another party, their insurance is the first to respond to paying for your injuries. Let’s assume the “at-fault” party carried only the state minimum limits of $25,000 per person/$50,000 per accident for bodily injury. (This is not recommended, but there a lot of them out there).

We all know that $25,000 will not cover the medical cost of someone seriously injured. If the cost of the medical services required to address your injuries exceeds $25,000, your insurance policy now picks up the tab.

Bottom line: uninsured motorist insurance is an inexpensive coverage, when compared to the potential medical bills that exceed the liability limits of the “at-fault” party.

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