Should I Purchase Underinsured Motorist Coverage?

Lucas Foust:

Hi, this is Lucas Foust from Foust Law Office, and I'm here to answer a quick question. This is a quick question that I receive from people who have been in a car crash, and in particular, if they don't believe it's their fault and they were in the car crash, they'll ask me this question, "I've been in a car crash, it's not my fault. Should I contact my own insurance company?" The answer to that question may surprise you.

Lucas Foust:

The answer is yes, absolutely you should contact your own insurance company. Your insurance company cannot hold it against you if you've been in a car crash that's not your fault and you make a claim on your own insurance policy. I said that correctly, your own insurance policy. When you purchase automobile insurance, you had an agreement with that insurance company that if you were in a car crash and you incurred medical bills and purchased medical pay coverage, they would cover up to the maximum amount of those medical bills. I strongly encourage you to contact your own insurance company after you've been in a car crash and start a claim.

Lucas Foust:

The second thing I encourage you to do is get a copy of your declaration sheet. I explain what a declaration sheet is on another video here, and feel free to download that video and take a look, but again, get a copy of your declaration sheets and begin a claim with your own insurance company even when it's not your own fault. That insurance company cannot increase your premiums if you've been in a car crash and you make a claim when it's not your fault, it makes absolutely no sense.

Lucas Foust:

I'll explain that further in another video that talks about what insurance and what no-fault insurance really is. Please feel free to download a copy of our book of Abandoned on the Road: A Guide to Insurance Law in Montana. At Foust Law Office, we believe that an informed client is a better client