Daily Juice 081 – Uninsured/Underinsured Motorist- Auto Insurance

Daily Juice 081 – Uninsured/Underinsured Motorist- Auto Insurance

I am continuing my discussion about different parts of the Auto policy.

Uninsured/Underinsured Motorist coverage  – the most overlooked part of the Auto policy.

Let me give you an example if your car gets hit and it’s not your fault, then the other driver is responsible, but what if he/she have very low liability limit on his/her policy and it’s not enough to cover your damages?

How about if it’s a hit and run accident and there is no one who can be responsible for the damages?

Well, that is why I highly recommend making sure Uninsured/Underinsured liability coverage matches your general Bodily Liability amount. In other words, you are buying coverage for yourself!!!

For some of you, there might be a need to purchase Excess Uninsured/Underinsured motorist coverage if you have substantial assets to protect.

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Anna Sergunina
Anna Sergunina
anna@mainstreetplanning.com

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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