Y'all do realize that uninsured/under insured only pays up to what your plan pays?
So if you have 50/100/100 it will only pay 50 for your medical/lost wages/etc.
Exactly... But I don't think that you understand how it works. You live in Louisiana, a state that requires only 15/30/25 in liability coverage.
Let's say a driver carrying only Louisiana's minimum limits (15/30/25) causes a collision with you. Assume that you incur $65k in damages (e.g., lost wages, medical bills, etc.) (not including property damage). Unless there is more than one person in the vehicle, or unless there are multiple occurrences, you may recover a maximum of only $15,000 from the insurer of the at-fault party.
UIM:
Because your damages exceed that amount, you will then want to seek recovery from your own insurance carrier. This is when under-insurance coverage kicks in. Depending on the laws of your state (limits-to-limits vs. limits-to-damages), you may recover accordingly. If I remember correctly, in a limits-to-limits state, you may recover only to the extent that your policy limits exceed their policy limits (if you have a 50/100 UIM policy, just subtract 15k (at-fault driver's limits) from your limits (50), giving you a total maximum recovery of $35,000 from UIM). That still leaves you with $15k in excess damages (15k from at-fault driver + 35k from UIM = $50k). If your state follows the limits-to-damages rule, however, then you may recover to the extent that you damages exceed their policy limits (so long as you have enough UIM coverage). Under the hypothetical above, you would be able to recover all $65k in a limits-to-damages state.
NO UIM:
If, however, you don't have UIM coverage, then your only option of recovering for losses that exceed the at-fault driver's limits would be to go after the at-fault driver personally. If the at-fault driver does not have any assets, then you're SOL.
Edit: Also, I didn't realize that you insured six vehicle (my fault for not reading thoroughly). You may be able to stack coverage in the event of a loss. I do not know the laws of Louisiana, so this is just a general, broad, discussion on insurance.
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