During the last month, Jim has had numerous calls from cyclists who had been injured in crashes around the state. Here is the short version of two of them. The first involved a cyclist who was seriously hurt in a crash; the driver who hit him had no insurance. This cyclist heard Jim speak on the importance of uninsured motorist insurance at an event earlier last year. When asked if he had purchased UM the caller had to admit he had waived it. Without any insurance there was nothing we could do to help him.
A second cyclist (who had never heard Jim speak) was hospitalized because of a careless driver. He had very good bodily injury liability limits of $500,000 on his policy (to protect someone if he was at fault). But he had opted for reduced uninsured motorist coverage of only $30,000 since he "had great health insurance." He wishes he had heard of Jim's UM advice before his crash.
Too many people are surprised to learn from their lawyer after a crash that 40% of the drivers on the road in Florida have no insurance to pay a dime for the injuries they caused. A ton of the ones who do have insurance purchased no more than $10,000 in liability insurance.
Jim's constant message to all cyclists is to protect themselves by purchasing uninsured/underinsured motorist insurance on their auto policy. This valuable insurance pays what the driver should have paid for injuring you. It protects you against the driver with little or no liability insurance. UM/UIM protects you as a driver, as a passenger, as a cyclist, or as a pedestrian wherever you go. It also protects the resident relatives of your household. This is the most important insurance on your policy!
If you're not sure whether you have it, call your agent or check your policy today. If you have it, think seriously about getting more. We have never worked with a client who had UM/UIM and regretted it. Plenty of clients who didn't have it, regretted they didn't.
Jim always advises cyclists not to leave home without at least $100,000 UM/UIM, $250,000 is better and $1 million is best. Ask your agent about stacking your UM/UIM. With two cars on your policy it doubles your UM/UIM and with three cars triples it.