Any agents on here? Need some explanation

[Mike P]

I recently changed carriers and during that I went up on my coverage but opted out of "Uninsured Motorists Property Damage" as it is an option in the state of TN.

My current coverage is $500,000CSL{Combined Single Limit} on both Bodily Injury & Property Damage and Uninsured Motorist Bodily Injury. I was sold on the CSL which sounds like a better option from the way it was explained to me.

I was told that since I went with the max CSL limit that by not having Uninsured Motorists Property Damage I should have enough coverage to handle whatever may come up.

What I need to know IS:

A: Is a high CSL policy better than broken up coverage policy? Comparing a $500K CSL to a 250/500/100 broken up policy?

B: By NOT having Uninsured Motorists Property Damage with the max limit CSL........am I safe and covered for what ever may happen?

 

[exskibum]

I recently changed carriers and during that I went up on my coverage but opted out of "Uninsured Motorists Property Damage" as it is an option in the state of TN.
My current coverage is $500,000CSL{Combined Single Limit} on both Bodily Injury & Property Damage and Uninsured Motorist Bodily Injury. I was sold on the CSL which sounds like a better option from the way it was explained to me.

I was told that since I went with the max CSL limit that by not having Uninsured Motorists Property Damage I should have enough coverage to handle whatever may come up.

What I need to know IS:

A: Is a high CSL policy better than broken up coverage policy? Comparing a $500K CSL to a 250/500/100 broken up policy?

B: By NOT having Uninsured Motorists Property Damage with the max limit CSL........am I safe and covered for what ever may happen?

Your questions are really dependent upon your state's insurance law and the terms of your insurance policy. I'd ask my underwriting agent to show me the provisions in the policy that support whatever he's told me about the CSL coverage covering you for all elements of a claim.

U.M. Property Damage endorsement is usually to cover the deductible on your Collision Coverage, and may come with a couple of conditional requirements to make it effective (again -- check your state's law and the policy terms). A typical situation is this: you are struck by an uninsured motorist (or one who leaves the scene) and your bike is damaged. (Regular U.M. coverage only covers your personal injuries that result from an accident that is caused by an uninsured motorist.) You then make a claim on your insurance (since he doesn't have insurance or fled the scene). Your insurer pays your property damage claim under your Collision Coverage, less the amount of your deductible for that coverage. You would be out of pocket for the deductible without the UM Property Damage coverage, but with it, your Collision deductible is covered. Per the terms of your Insurance policy, upon paying you, your insurer has a subrogation claim (you agree to assign them the right to recoup what they've paid to you) in an action against the uninsured motorist if they find him.

In some states, you may have to meet one or more conditions to get your UM Property Damage coverage to cover your collision deductible (check state law and the terms of your policy). Two conditions that are typical are (1) you must identify the vehicle that hit you (e.g., get the license plate number), and (2) you must actually have been struck by the uninsured motorist's vehicle, as opposed to simply being forced off the road by his fault, resulting in damage without actually having contact with his vehicle (e.g., shown by paint transfer).