Uninsured Motorist Insurance vs. Health Insurance
Uninsured motorist and health insurance coverage are both extremely important coverages when it comes to protecting yourself and your family. The United States Center for Disease Control and Prevention estimated that 43.6 million people, under the age of 65, carried no health insurance coverage in 2008. The Insurance Research Council reported that approximately 14.6 percent of all U.S. drivers carried no insurance coverage.
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Uninsured Motorist Coverage
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Uninsured motorist coverage is sold through your auto insurance and complements your bodily injury and liability coverage. Uninsured motorist coverage provides you with protection when you are hit by another party who is deemed to be at fault for the accident and carries no auto insurance coverage. The coverage can only be purchased when liability coverage is selected and is generally sold along with underinsured motorist coverage. Underinsured motorist coverage provides you with protection when you are hit by someone who is deemed to be at fault for the accident and does not have enough coverage to cover your injuries and damages
When to Purchase Uninsured Motorist Coverage
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It is recommended that you always purchase uninsured motorist coverage. Uninsured and underinsured motorist coverages are sold in tiers and cannot exceed the liability limits on your policy. For instance, if you carry bodily injury and property damage liability coverages of 50/100/50, you can select no more than 50/100/50 of uninsured and underinsured motorist coverages. However, you can choose to accept lower limits of uninsured and underinsured motorist coverages. These coverages can only be used in a resulting accident with an uninsured driver who is deemed at fault. The bodily injury portion will pay for your medical and emergency expenses, up to the selected limit.
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What is Health Insurance
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Health insurance is a coverage that is purchased to protect you from financial expenses resulting from medical and hospital care and emergency visits. Most health insurance plans provide preventive maintenance coverage, which pays a portion of the expenses that result from "check-up" doctor, dental and vision visits. Though accidents are not required to use the coverage, health insurance plans do provide insurance coverage for emergency visits, rehabilitation services and care that result from an accident. The health insurance coverage can be used for accident-related injuries after the auto insurance coverage has been exhausted. It can also be used in combination with auto accident coverages. This determination is generally established by the medical office after knowing more specifics on the related injuries.
When to Carry Health Insurance
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Like uninsured motorist coverage, it is recommended that you always carry health insurance. Health insurance coverage is purchased through an employer's group plan, individually or through government plan selections. Health insurance costs are based on your personal information, selections and pre-existing health conditions. Unlike uninsured motorist coverage, health insurance does not have to be purchased along with other insurance. Health insurance works independently and can be used under more circumstances than uninsured motorist.
Considerations
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Although uninsured motorist coverage and health insurance coverages are quite different from one another, both coverages are highly recommended. Statistics show that many Americans currently fail to carry these coverages. Uninsured motorist provides you protection from others faults, as does health insurance. Health insurance takes protection one step further, allowing you to protect yourself from the possibility of injury, disease and health-related issues. It also provides you with coverage when you find yourself to be ill and in need of medical attention.
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