Uninsured motorist coverage is definitely underrated. A lot of people skip it thinking they're saving money, but honestly, it's one of those things that's worth every penny if something goes wrong. Had a friend who got rear-ended by someone with zero coverage—total nightmare dealing with bills afterward. If you're looking into it, just check your policy carefully: some states bundle uninsured and underinsured motorist together, while others separate them out. Either way, good call reconsidering your coverage options... better safe than sorry.
"Had a friend who got rear-ended by someone with zero coverage—total nightmare dealing with bills afterward."
Yeah, seen this happen way too often, especially in the classic car community. A buddy of mine had his '68 Mustang clipped by someone uninsured—talk about a headache. Parts alone were a nightmare to source, let alone the repair costs. I used to think uninsured motorist coverage was just another upsell from insurance companies, but after seeing that mess firsthand, I'm definitely reconsidering.
One thing I'd add: if you're driving something older or collectible, double-check how your policy handles valuation. Some insurers default to market value, which can be way off for classics or modified rides. Agreed-value policies might cost a bit more upfront, but they're worth it if you ever have to file a claim.
Still skeptical about insurance companies in general (aren't we all?), but this is one area where cutting corners can really bite you later...
Totally get the logic behind agreed-value policies, but are they always worth the extra cash? I've got a luxury sedan that's depreciating faster than I'd like, and honestly, the market value coverage hasn't been too far off so far. Maybe classics are a different story...
"Still skeptical about insurance companies in general (aren't we all?), but this is one area where cutting corners can really bite you later..."
You're probably right, but isn't it also true that insurers sometimes hype up specialty coverage to pad their bottom line? Just wondering if anyone's had an agreed-value policy actually pay off as promised...
- Had an agreed-value policy on my classic Mustang for years, and when someone rear-ended me at a stoplight, the insurer actually paid out exactly as promised. No hassle or arguing about market value.
- You're right though—luxury sedans might not see the same benefit since market values are usually pretty accurate. Classics are just a different beast altogether...
- Bottom line: If your current policy is working fine, probably no need to spend extra cash. But if you ever jump into classics, agreed-value can save you some serious stress later.
- Good points on classics, but as someone who's had a few too many "incidents" (oops), I found agreed-value policies can be tricky to qualify for. Regular policies usually less hassle for daily drivers, even if market value isn't perfect...
