Motorcycle riding is an exhilarating experience, offering a sense of freedom and adventure that is unmatched by any other form of transportation. However, it also comes with its risks, especially on the roads of Louisiana. One of the most significant risks is the possibility of being involved in an accident with an uninsured or underinsured driver. Here are a few reasons on why to get uninsured/underinsured motorcycle insurance in Louisiana.
The Uninsured Driver Dilemma in Louisiana
A study from Insurance Information Institute has revealed a concerning statistic: half of the drivers in Louisiana either have no insurance or carry only the minimum limits of $15,000. This means that if you are involved in an accident, there is a 50% chance that the person who hits you will either have no insurance whatsoever or only $15,000 in coverage.
The Insufficiency of Minimum Coverage
In the unfortunate event of an accident with injuries, a mere $15,000 is often insufficient to compensate for medical treatment, loss of income, and pain and suffering. Typically, medical expenses alone can exceed $15,000, leaving you in a financial bind. It’s a harsh reality that in Louisiana, you simply cannot rely on other drivers to have adequate insurance coverage to cover your losses in an accident.
The Solution: Uninsured/Underinsured Motorist Insurance
This is where Uninsured and/or Underinsured Motorist (UM) insurance comes into play. UM insurance is a coverage option you can purchase from your insurance company that provides coverage for your injuries if the person responsible for the accident is either uninsured or underinsured. It’s a safety net that protects you and your passenger in the event of an accident with an inadequately insured driver. To keep yourself best protected, a recommended minimum coverage would be $250,000.
The Cost-Effectiveness of UM Insurance
One of the advantages of UM insurance is that it is typically cheaper than liability insurance. This cost-effectiveness makes it an essential addition to your insurance portfolio, ensuring that you are protected without breaking the bank.
Viewing UM Insurance as a Necessity
As a motorcycle rider, it’s crucial to view UM insurance in the same light as life insurance or disability insurance. It’s not just another expense; it’s an investment in your safety and financial security. The recommendation is to purchase as much UM coverage as you can afford. An option to making UM more affordable is by reviewing your policy to see what other coverage premiums you could lower to add UM. Think about raising the deductible for your collision coverage and freeing up money for more UM. This ensures that in the event of an accident with an uninsured or underinsured driver, you and your passenger are adequately protected.
Law Tigers Has Your Back
The roads of Louisiana present a unique challenge for motorcycle riders due to the high number of uninsured and underinsured drivers. While we cannot control the actions of others, we can take steps to protect ourselves. By investing in UM insurance, you are safeguarding your well-being and ensuring that you are covered in the event of an unfortunate accident.
In the event that you or a loved one are injured in a motorcycle accident, immediately call your local Law Tigers advocates in Louisiana. As experienced motorcycle attorneys, we will immediately go into action to help you get through so that you can focus on your recovery and getting back on the road. Call us 24/7/365 at 1-800-LAW-TIGERS or fill out a free case evaluation online.
