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san rensho · 12-28-2013, 05:50 AM

THis is my philosophy on insurance. Get the highest uninsured motorist coverage available. In a catastrophic accident where you are not at fault, you cant rely on the other guy having good insurance, or any insurance at all. Insurance agents rarely push push high limit UM because the difference in premium is small and the risk the insurer assumes is huge. For example, 25/50 UM is around $120, while 1 million/ 1 million UM is around $290 for a 6 month policy. So for a little more than double the small premium, you get 20 times the coverage limits.

12-28-2013, 05:50 AM	#3
san rensho Registered User Join Date: May 2011 Location: Miami florida Posts: 1,591	THis is my philosophy on insurance. Get the highest uninsured motorist coverage available. In a catastrophic accident where you are not at fault, you cant rely on the other guy having good insurance, or any insurance at all. Insurance agents rarely push push high limit UM because the difference in premium is small and the risk the insurer assumes is huge. For example, 25/50 UM is around $120, while 1 million/ 1 million UM is around $290 for a 6 month policy. So for a little more than double the small premium, you get 20 times the coverage limits. __________________ Current car 2000 Boxster 2.7l red/black Previous cars 1973 Opel Manta 1969(?) Fiat 850 Convertible 1979 Lancia Beta Coupe 1981 Alfa Romeo GTV 6 1985 Alfa Romeo Graduate 1985 Porsche 944 1989 Porsche 944 1981 Triumph TR7 1989 (?) Alfa Romeo Milano 1993 Saab 9000 Last edited by san rensho; 12-28-2013 at 05:53 AM.