answersLogoWhite

0


Best Answer

Absolutely, unless you are independently wealthy and don't care if your vehicle is a total loss every once in a while. Uninsured motorist fees are very nominal compared to the alternative.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If I'm retired with good health insurance and no wages to cover should I have uninsured motorist coverage?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is kaiser health insurance transferable from a state to another state?

I am retired and have kaiser insurance in california, will i have coverage in colorado


Which companies offer the best medicare plans?

Medicare is for retired people. As you are not retired you should use your company's health insurance, as you will get a discount on the coverage through your employer's contributions.


Can you buy disability insurance if you're retired?

Disability insurance protects a person's ability to work and earn an income. If a person is already retired, than they are no longer working or earning an income, which leaves no income to insure. In retirement there is a type of coverage called Long-Term Care insurance, which should be considered instead. This type of coverage is very similar to disability insurance, only rather than protecting one's ability to work and earn an income, it protects a person's assets and savings. It shifts the risk of having to pay for long-term care from the individual to the insurance company.


Can a younger spouse of a retired person get medicare or insurance coverage?

To find out if your eligible for Medicare, you can use the Medicare Eligibility Tool at the link below: http://www.medicare.gov/MedicareEligibility/home.asp?version=default&browser=IE%7C6%7CWinXP&language=English If you're not eligible for Medicare, you can check with the different insurance companies to find out about individual coverage.


During Kennedy's term Social Security coverage was increased and medical coverage to retired persons was extended?

False A+ answer


Which type of health insurance would a retired army general be eligible for?

which type of health insurance program would a retired army general be eligible for


If being medically retired from the military can you collect unemployment?

No. Persons who are "retired" are considered to be out of the labor pool and ineligible for unemployment insurance.


What is Xerox responsibility for employees medical insurance in retirement Employees hired in the 70's with 20 yrs service?

Xerox does not provide medical insurance for its retired employees. It does, however, provide some financial support for the retired employee to purchase insurance.


Can your wife take you off of her medical insurance plan before you are separeted if I am retired with no medical insurance of my own?

Answer Sir, I can only quote you regarding Canadian Law that says if your wife is paying for your Medical Insurance through her job as a payroll deduction she can take you off anytime she wishes. Under Canadian Laws a wife or husband is not held responsible for the other one's health insurance needs. Hope this was helpful, but if not, perhaps you can contact the Health Insurance Board where you live. If you choose to buy insurance, then as a general rule, nobody can force you to keep buying the coverage. Yes, you can drop coverage. However, if you are paying for the coverage through IRS Section 125 with pre-tax funds through your employer, then you may (or may not, depending on the circumstances) be able to reverse your decision to reduce your pre-tax earnings.


Can you collect unemployment benefits in Michigan if you are retired?

Absolutely. It is called your "Retirement Pension". You cannot collect "unemployment insurance" monies if you are retired.


what is annual travel insurance over 65?

Annual travel insurance over 65 is a type off traveler's insurance targeted for persons aged 65 years or older. These insurance plans are designed to be affordable for a retired person, but more extensive in medical coverage should you have an accident or experience complications due to pre-existing health conditions; at least, the good ones do. Be sure to shop around carefully when selecting an agency. You can further research travel insurance for seniors at http://www.saga.co.uk/insurance/travel-insurance/over-65-travel-insurance.


Who pays first if you have medicare and are retired hourly from General Motors?

Chances are Medicare would pay first as long as you are no longer working, or if your spouse does not have you covered under insurance through their employer. If your spouse IS working and you do have coverage through them, the group insurance would be primary if their employer has more then 100 employees working for them. Otherwise, Medicare will be primary.