Finally, if you require medical treatment for an extended period
of time, your insurance company would likely force you to
attend an IME.
Your insurer will tell you this stands for ďIndependent
Medical Examination.Ē It should really be ďInvoluntary Medical
ExaminationĒ because they are rarely independent.
Basically, the insurer pays a doctor who has never seen
you before to repeat one of the following lines: 1) you
should have already recovered; 2) you were never hurt; or
3) maybe you were hurt, but not in the accident that they
are supposed to be covering you for. While this may be a
cynical description of this coverage, I have developed this
view after seeing hundreds of IMEs.
I donít have PIP coverage. The only good thing I can say about it is that itís a lot cheaper than health insurance. If you donít have health insurance and drive a car, it might be a good deal. Otherwise, save your money and just say no.
This is a real deal. Expect to pay about $20 per year.
Besides towing, this coverage usually pays for lock-outs and jump starts. Towing likely covers everything youíve ever used AAA for.
AAA, by the way, is the American Automobile Association
and is a leading force against mass transit and other ďgreenĒ
legislation. If you are even vaguely environmentally friendly,
you shouldnít give AAA your money. Get towing insurance.
Collision: This pays for the damage
to your car in an accident no matter who is at fault.
If you are making payments on a car, you are likely required
to have this. However, if you are driving a car worth
less than about $3,000, you are probably wasting your
Comprehensive: Comprehensive covers
damage to your car and some of its contents when the loss
is not caused by a crash. For instance, it might cover
damage caused in an earthquake or a riot. It often covers
damage to windshields caused by rocks.
Anything You Do or Say
Will be Used Against You
Insurance companies charge different amounts based upon
your driving history and other factors. Hereís a word
to the wise, donít lie to try to save a few bucks. Thatís
called fraud in the inducement, and it may allow your
insurer to refuse to pay when you really need the coverage.
Also realize that, whatever company you choose to insure
you, the company is in business to make money. It follows
that insurers like to collect premiums but would prefer
not to pay claims. Donít give them an excuse. If you ever
need to make a claim, donít lie, donít guess, and donít
Property damage can usually be resolved without much
fuss. If you are injured in a collision, however, you
probably need an attorney.