Wheels Of Grace Magazine

Volume 8, Issue 6

Issue link: https://cp.revolio.com/i/774075

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Page 15 of 48

WheelsOfGrace.com Volume 8 Issue 6 15 pays for your expenses? Who takes care of your injuries? Who takes care of your family? You are in a motorcycle accident and it is not your fault. Are you protected? And, just how much insurance is enough? Using Arizona and California as an example, the minimum amounts of liability coverage required to legally operate your motorcycle in the Grand Canyon State are as follows: • $15,000 bodily injury per person • $30,000 bodily injury per accident • $10,000 property damage per accident Yet a er a catastrophic motorcycle accident, medical bills and rehabilita on expenses can quickly exceed your insurance limits. Remember, even a rela vely small accident can rack up some substan al damages. Recent sta s cs show that a fatal motorcycle accident can cost around $1.2 million in damages and the average cost of an injury motorcycle accident can range from $2500 to over $1.4 million. Unfortunately, if your injuries and medical expenses exceed your insurance limits or the insurance limits of the negligent driver, you may be forced to pay for your medical expenses on your own. This can result in crippling financial debt and even bankruptcy for many families. But what happens when you are involved in an accident with an uninsured or underinsured driver? If you do not own Uninsured Motorist and Underinsured Motorist Insurance coverage, then you won't have enough money to cover your expenses. UM (Uninsured Motorist) and UIM (Underinsured Motorist) coverage will protect you, and your passenger, for any bodily injury that you may sustain in an accident involving a driver with no liability insurance, or a driver with insufficient insurance to cover your injuries, respec vely. With UM and UIM, the insurance company will reimburse you compensatory damages for bodily injury caused by the uninsured driver. These damages include your medical bills, lost wages, pain and suffering, in addi on to other personal injury damages. Even though states like Arizona and California allow motorcyclists to opt out of UIM/UM coverage, all motorcyclists should purchase this insurance to protect themselves. In many situa ons, the only recovery to be made in a serious motorcycle accident will come from the UM and UIM coverage. The Law Tigers see it happen all the me and it can be devasta ng. A motorcyclist feels its all going to be ok because, a er all, it was not your fault. Make sure you speak to your insurance broker about as much UM/UIM as you can get. A few addi onal dollars now can be the best money you have ever spent protec ng yourself. Ride Safe! Audrey Nesbit Law Tigers F A I T H

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