Trantolo & Trantolo Insurance Information

Know Your Limits

Site Links

Trantolo Law Main Website
Motorcyclist's Corner Home
2006 Motorcyle Events Calendar
Submit your event!
Motorcycle Safety Tips
CT Training Locations
Road Conditions
NE Motorcycle Laws
Protect Your Bike from Theft!
Motorcycle Insurance Information
Boat Insurance Information
Links to our Friends

Boaters & Fishermans Corner

Trantolo & Trantolo Home Page

No one ever wants or plans on being involved in an accident. We at Trantolo & Trantolo want you to stay healthy and safe, but we also want you to be aware that if you are involved in an accident where the other driver is at fault your own insurance policy can protect you and your family from financial ruin. The part of your insurance policy that can do this is known as Uninsured/Underinsured coverage. It's listed as UM/UIM for automobiles and UB/UIB for boats.

Um/Uim insurance protects YOU if you are insured by a negligent operator who has no insurance or to little insurance to pay for your injuries and losses. Here's how it works:

Uninsured Motorists/Boater (UM/UB) means the other party carried no insurance at the time of the accident. In that case, your insurance company provides money payments to you or your family for medical expenses, wage loss, permanent injuries and other losses you would have received from other person's insurance company if they had been insured. Your payments are limited to the amount of your policy so the higher the policy the higher the potential payment.

Uninsured Motorists/Boater (UIM/UIB) provides the same benefits as UM/UB and means the other party carried insurance but it wasn't enough to cover all your losses. UIM/UIB then covers the gap between the other persons insurance and the amount of the UIM/UIB limits you purchased. For example, if the negligent operator has a 20,000 and you have a $10,000 UIM limit, you have an additional $80,000 available to you after collecting the other party's ENTIRE $20,000 policy. UM/UIM and

UB/UIB insurance is very important because it protects you and your family from the hundreds of thousands of people who drive on the roadways and waterways with no or to little liability insurance. Most states require you to have a minimum UM/UIM policy on your automobile. However most states Do Not require you to have liability insurance UB/UIB on your boat. You must request this insurance from your agent. Not all companies sell UB/UIB insurance. Find one that does and buy the most you can afford.

UM/UIM and UB/UIB insurance is very inexpensive (pennies per day) and that is one of the reasons that insurance companies avoid and even discourage people from buying increased limits. Often the insurance companies or it's agent will either make no mention of this coverage, downplay it's significance or suggest that you reduce your UM/UIM and UB/UIB limits to save money. This is a company or an agent that is not working in your best interest, since you should buy the highest UM/UIM and UB/UIB coverage you can afford.

Increasing your UM/UIM limits is easy, inexpensive and wise. In some states the law gives you the legal right to buy twice as much UM/UIM coverage as your liability coverage and the insurance company cannot refuse your request. (For example, if you buy $100/$300 liability policy, you can increase your UM/UIM coverage to $200/$600.) In purchasing insurance it's best to focus on protecting yourself from the uninsured driver. This is accomplished by buying the highest amount of liability insurance you can afford and then demanding twice that amount in UM/UIM coverage. REMEMBER THE INSURANCE COMPANY CANNOT REFUSE THIS REQUEST. If you have already purchased your insurance for the year you can still contact your agent and double the UM/UIM insurance.

Increasing your UB/UIB limits on your boat is different. Since in most states UB/UIB is not required by law, it is in your best interest to find an insurance company that allows you to purchase the highest amount of UB/UIB you can afford.

INSURE YOURSELF AND YOUR FAMILY BECAUSE IT IS ALWAYS BETTER TO BE SAFE THAN SORRY!

If you would like a list of ways to reduce your overall insurance costs so you can increase your UM/UIM and UB/UIB limits or if you would like a free insurance quote, log on to Trantololaw.com. Policy discounts and quotes are courtesy of M/C Insurance. (Not affiliated with Trantolo & Trantolo)

Webdeveloper: Jacqueline A. Roemmele

Terms & Conditions