{"id":124,"date":"2008-12-19T12:12:49","date_gmt":"2008-12-19T17:12:49","guid":{"rendered":"http:\/\/noyeshallallen.wordpress.com\/2008\/12\/19\/beware-more-uninsured-drivers-on-the-road\/"},"modified":"2017-11-09T08:54:06","modified_gmt":"2017-11-09T14:54:06","slug":"beware-more-uninsured-drivers-on-the-road","status":"publish","type":"post","link":"https:\/\/www.noyeshallallen.com\/blog\/beware-more-uninsured-drivers-on-the-road\/","title":{"rendered":"Beware: More Uninsured Drivers on the Road"},"content":{"rendered":"

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M.P. McQueen reported in Wednesday’s Wall Street Journal on the national trend of more drivers are letting their car insurance lapse because of the faltering economy<\/a>. Doing this puts themselves and others – including you – at risk.<\/p>\n

McQueen did a good job highlighting the irresponsibility of not carrying liability insurance, and the importance of matching \u00a0your own liability insurance to the value of your assets.<\/div>\n
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Are Minimum Auto Liability Insurance Limits Enough?<\/h4>\n
Maine law requires<\/a> all drivers to carry at least $50,000 \u00a0per person \/ $100,000 per accident\u00a0of Bodily Injury coverage, and $25,000 of Property Damage coverage. It doesn’t take much imagination to picture this limit as being inadequate to handle even a moderately severe accident, or replacement of even a mid-priced late model car.<\/div>\n
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Once you blow through your insurance coverage, your assets are fully exposed.<\/div>\n
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How to Protect Yourself from an Uninsured Driver<\/h4>\n
Most people don’t realize that the flip side of liability coverage is Uninsured\/Underinsured Motorist coverage. This covers your injuries if you’re struck by an at-fault driver who has no insurance, or less than you do.<\/div>\n
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There’s the rub: if you and the other guy both have state minimum limits, your UIM coverage doesn’t apply, because you didn’t have more than he did. If you suffer more than $50,000 of medical expenses (it doesn’t take all that much – trust me), you’re on your own.<\/div>\n
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Although we’re in the business of selling insurance, we understand that people have to live within their budgets and prioritize their expenses. If the economy forces you to cut your auto insurance expenses, we suggest:<\/div>\n
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