More drivers are letting their car insurance lapse because of the sour economy, putting themselves and others at risk.
Several hundred thousand drivers dropped their insurance in the past year as the unemployment rate climbed. In addition, research shows that almost 40% of individuals applying for auto insurance online had let their policies lapse, up from 10% a couple years ago.
This trend is bad for everyone on the road. If you’re hit by an uninsured motorist, you may have to sue to recover costs, and many uninsured motorists have few assets.
So, what can you do to safeguard yourself, your family and assets if you are ever injured by an uninsured motorist?
You can protect yourself, family and most important assets by increasing your uninsured motorist coverage.
How is this beneficial to you?
Well, uninsured motorist coverage provides protection for you and all the members of your family that reside in the household with you. It also includes any minor children that do not resi ...