I have the same uninsured / under insured benefits as I have on my liability insurance. I think that it is something like 250/500 K. Then my umbrella policy take over and that is for 2 Mil.... my insurance agent says that I am the only customer that has that high of coverage, but I know that with todays cars, you can get there quickly if you are involved in a multiple car accident and wind up being at fault. I feel that I have too much to loose not to have sufficient coverage. About ten years ago, I was involved in a collision when my car was rear ended by a truck. Wrecked my car and my body also. Spent over a year in recovery and am permanently damaged. I am glad that I had the high limits because the person that hit me had just the basic policy. Within 6 months of the accident, the insurance company told me that they were paying the limits of his policy and that I would have to go after him for any deficiency. I notified my carrier and got a lawyer. The lawyer didn't take anything from the first insurance payment and took 1/3 of the amount that I received from my companies. In the end, I wound up with a very large hospital bill that was paid by the settlement and there was still a little left over for me. My health insurance company if they had paid anything would have had first claim to what ever I would receive, so there was no benefit in going to them. The doctors and the hospital had to wait till I was paid, but they had no choice and they rather wait than to not get paid. When it comes to insurance, the less assets you have the less you need it..... if you have a home or business, you can't afford to gamble with your life savings.... Just my opinion.... never gamble more than you can afford to loose.........
