Accident Diary

• The insurance company is not there to get you back to where you were. They will only pay the policy limits. If your medical bills are $250,000 and you only have $25,000 coverage, you are on the hook for the difference.

• Homeowners insurance does not generally cover floods. You need special flood insurance for that. It also doesn’t cover an earthquake nor a sink hole unless you have a special rider. Seriously, an earthquake could cause a flood sending your house down the street and into a sink hole and the insurance company could not pay you a dime.

• You need insurance on people driving around without insurance. If they are uninsured, they may go to jail, but they will probably not help pay your bills.

• Here is some good news. Tornadoes are generally covered; they are considered wind damage.

• Another piece of good news. If you borrow your neighbor’s car and have a wreck, the neighbor’s insurance can be used to pay the bills. Insurance generally goes where the car goes — no matter who is driving.