scumby wrote: Is an optional coverage to protect you in case the other person carries no liability insurance or a low amount. Your insurance company pays you. It doesn't cover anyone else.
I don't have auto insurance.
I hit your car.
Your insurance company pays you to fix your car.
They don't do it because they feel sorry for you, they do it because you pay an extra $20 every 6 months for uninsured/underinsured coverage.
In essence, you are paying my car insurance.
If every single person had car insurance, you would not need uninsured/underinsured coverage.
Because then my insurance company would pay to fix your car.
I don't have health insurance and go to the E.R. and get a bill for $14,000 I will never pay.
Hospital/Insurance companies jack up your rates to pay my bill.
But you are left in the dark because most people don't get a detailed line item health insurance coverage plan bill like you do with car insurance. Instead we get a meeting with a human resources director who tells us that for some unknown reason, rates keep going up and we have to raise your premiums.
So to help with this problem, everyone should get health insurance.