Join Early Retirement Today
Reply
 
Thread Tools Display Modes
UM Bodily injury insurance question.
Old 05-23-2017, 06:11 PM   #1
Thinks s/he gets paid by the post
exnavynuke's Avatar
 
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
UM Bodily injury insurance question.

So, I get "uninsured motorist" car/motorcycle insurance covers the costs if someone without insurance jacks up my car. I'm a bit confused on the necessity of "uninsured motorist Bodily Injury" coverage for motorcycle insurance however.

I have VA healthcare that will take care of any approved or emergency bills. I also have my HDHP health care plan through BCBS of Georgia. Is paying a couple hundred bucks a year* for more medical insurance through my motorcycle insurance doing anything for me, or just giving more money to the insurance company?
exnavynuke is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-23-2017, 06:46 PM   #2
Thinks s/he gets paid by the post
Just_Steve's Avatar
 
Join Date: Apr 2016
Location: Dutchess County
Posts: 1,599
I would guess it's for your passenger.
Just_Steve is offline   Reply With Quote
Old 05-23-2017, 06:55 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Posts: 2,509
It may cover some things that your health insurance might not. If you get into a LTC for longer than health insurance will cover. Your passenger as noted above.
Note that your health insurance will also be going after the other driver to recover what they spend on you.

There is some overlap for sure. But your out of pocket would be covered.
bingybear is offline   Reply With Quote
Old 05-23-2017, 07:17 PM   #4
Thinks s/he gets paid by the post
exnavynuke's Avatar
 
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
These are kinda the responses I was figuring might be there. I don't ride with a passenger and my max OOP costs are relatively small (the VA "should" cover everything, but if they don't my max OOP through my work insurance plan is only $2,600/year). As such, spending $250+/year on another "health insurance" seems like a bit of a waste of money.
exnavynuke is offline   Reply With Quote
Old 05-24-2017, 05:27 AM   #5
Thinks s/he gets paid by the post
 
Join Date: Jan 2014
Posts: 1,174
Quote:
Originally Posted by bingybear View Post
It may cover some things that your health insurance might not.
+1

Your uninsured/underinsured motorist Bodily Injury also covers:

* Lost wages, including that of a relative who misses work to take care of you.
* Pain and suffering payments when the other driver cannot cover the judgement or cannot be found such as a hit-and-run or the oncoming driver drifts into your lane forcing you off the road and into a single vehicle accident.
* Wheelchair ramps and other home modifications due to disability
* Modifications to another vehicle due to disability
* Funeral expenses
MBSC is offline   Reply With Quote
Old 05-24-2017, 05:48 AM   #6
Thinks s/he gets paid by the post
exnavynuke's Avatar
 
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
Thanks all I went ahead and got the UMBI coverage as well. Now I just have to wait for the bike to be ready for delivery.
exnavynuke is offline   Reply With Quote
Old 05-24-2017, 10:30 AM   #7
Thinks s/he gets paid by the post
Just_Steve's Avatar
 
Join Date: Apr 2016
Location: Dutchess County
Posts: 1,599
Quote:
Originally Posted by exnavynuke View Post
Thanks all I went ahead and got the UMBI coverage as well. Now I just have to wait for the bike to be ready for delivery.
Don't be a tease, what are you getting?
Just_Steve is offline   Reply With Quote
Old 05-26-2017, 07:37 AM   #8
Thinks s/he gets paid by the post
exnavynuke's Avatar
 
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
Quote:
Originally Posted by Just_Steve View Post
Don't be a tease, what are you getting?
Picked it up last night actually, a 2014 FZ6R.

exnavynuke is offline   Reply With Quote
Old 05-26-2017, 06:16 PM   #9
Thinks s/he gets paid by the post
Just_Steve's Avatar
 
Join Date: Apr 2016
Location: Dutchess County
Posts: 1,599
Outstanding
Just_Steve is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Back Injury navyguy2006 Health and Early Retirement 3 02-22-2009 01:25 PM
Adding Insult to Injury DblDoc FIRE and Money 11 10-29-2008 09:21 AM
Frightening - Federal Agencies Are Saying Their Rules Pre-Empt Injury Lawsuits chinaco Other topics 4 03-31-2008 03:27 AM
UGH applied for Health Insurance and now an INJURY wallygator69 Health and Early Retirement 6 12-29-2007 10:07 PM
Personal Injury - What should I do? BOBOT Other topics 9 12-20-2007 11:58 AM

» Quick Links

 
All times are GMT -6. The time now is 02:27 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.