About a year ago, I was riding with a friend. I stopped at an intersection, my partner didn't, ran in the back of me...causing a prety severe compound fracture in both bones of left arm.
After three surgery, three days in hospital, medical bills over $76k, his Progresive agent shows up at my house, hands me a check for $10,000 and says get well. His absolute policy limits. Nothing more will be paid unless I want to sue my friend.
Fortunately, my health insurance picked up amounts over the $10 k, and I had State Farm coverage for uninsured / under insured motorists. After a year, they settled with my health insurer, and I actually received a surprisingly adequate check.
If the guy that hit me was not a friend, we would be in court...I still have limited use of my pinky finger and limited range of motion. I still have some physical therapy going on. I did insist that he buy decent insurance instead of minimum limits. It ain't that much more expensive.
Moral of the story, when purchasing insurance....go past price and consider other issues.
Last edited by rrs49; 04-11-2012 at 05:23 PM.