TeamCBC Cycling Tip – What if You’re Hit by an Uninsured Motorist?

A couple of weeks ago Thomas Henson, of Henson Fuerst Attorneys, gave a presentation for the North Carolina Bike Club. Although the focus was on legal issues, he discussed the importance of having an adequate amount of uninsured/underinsured motorists insurance.
Studies show that 9%-11% of North Carolina drivers have NO INSURANCE! What if you’re riding your bike and one of these uninsured drivers hits you? You can’t claim their insurance because they don’t have any.
You can sue them, but they may not have any assets. Therefore, you’re probably going to have to use your insurance. If you look at your auto policy, there is a line item that says, “Uninsured/Underinsured Motorists”. So you’re all set, right?
Wrong. The minimum coverage in North Carolina is only $30,000. Hopefully, you have more than that, but do you have enough? If someone hits you while riding your bike, you could be seriously injured. The cost of hospitalization, rehabilitation, and loss of income could easily run into the hundreds of thousands or more.
Therefore, you should review your coverage and make sure that you have enough for yourself and your family. It is recommended to have at least $1 million. It is relatively inexpensive, especially considering the consequences of not having enough.
Here is a video that discusses the subject in more detail:
Stay safe!
Rick Bunnell
President, TeamCBC