5 ms·
You get the absolute bare minimum required by your state, it basically just covers the other driver you hit. It's pretty awful since if you are badly injured be
by wildzzz 5d ago
You get the absolute bare minimum required by your state, it basically just covers the other driver you hit. It's pretty awful since if you are badly injured beyond what their underinsured driver's coverage is for, you're likely not going to get a lot of money. You'll definitely get everything their policy states but the remainder comes out of your own uninsured motorist coverage and health insurance. People that buy bare minimum coverage typically don't have a lot of assets so there'll be nothing to recover from them directly.
- marssaxman 4d agoI buy bare minimum coverage because it has been my experience that you end up screwed in the event of a collision no matter what kind of insurance you have. Insurance companies are in the business of taking your money now and finding every possible excuse not to give it back later; I'd rather keep it in my own pocket. This is part of the reason I prefer inexpensive cars: buying only what I can afford to pay for outright means there is no loan which would obligate me to carry a comprehensive insurance policy.