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Originally Posted by _______
Your first point is dead on. No argument from me.
What Chad is talking about (u/m coverage) is, in fact, first party coverage. It covers your damages from an uninsured motorist.
I personally think he's mistaken about it being mandatory anywhere but I don't know the laws of every state so am open to being surprised. If it WERE mandatory somewhere then it would be an analog to required medical insurance.
But it's not required in California so I suspect I'm right about it not being required anywhere.
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Yes, I was just talking about the fallacy of comparing mandatory liability and mandatory health insurance.
I was not aware of mandatory u/m coverage either, but decided to double check. It turns out that 22 states and DC require it, and many of those have mandatory under-insured coverage also. And it really seems odd that California, the ultimate Big Brother state, doesn't make it mandatory.
http://www.insurance.com/auto-insurance/coverage/uninsured-underinsured-motorist-coverage.html
