Uninsured Motorist Coverage
Do you have the proper coverage in place? if you're injured by an uninsured motorist, your policy could provide the coverage you need IF you have the proper coverage in place. Uninsured and underinsured motorist coverage is an inexpensive and valuable coverage.
According to a recent study from Insurance Research Council, about one in six drivers across the United States may be driving uninsured. This means responsible drivers who purchase insurance may end up paying for injuries caused by uninsured drivers.
Uninsured Motorist Bodily Injury Coverage (UM)
Uninsured motorist provides coverage for any damages resulting from and accident when you're struck by someone that doesn't have any insurance. This coverage provides financial assistance for: medical bills, lost wages, pain and suffering, and other injury-related costs. This is also available to victims of hit-and-run accidents and provides coverage for you and your family members in ANY vehicle you travel in as a passenger, not just your own vehicle. It also provides coverage if you or a member of your household are struck by a vehicle as a pedestrian or while riding your bike. You can add this optional coverage to your automobile insurance policy, and file a claim to receive compensation after an accident.
This coverage is inclusive of all family members in your household, including your children.
Underinsured Motorist Bodily Injury Coverage (UIM)
Underinsured motorist provides coverage for any injuries resulting from and accident when another driver hits you that doesn't have enough insurance. This coverage provides financial assistance for: medical bills, lost wages, pain and suffering, and other injury-related costs. This is also available to victims of hit-and-run accidents and provides coverage for you and your family members in ANY vehicle you travel in as a passenger, not just your own vehicle. It also provides coverage if you or a member of your household are struck by a vehicle as a pedestrian or while riding your bike. You can add this optional coverage to your automobile insurance policy, and file a claim to receive compensation after an accident.
This coverage is inclusive of all family members in your household, including your children.
The Benefits of Having Uninsured & Underinsured Motorist Coverage
Uninsured (UM) and Underinsured Motorist coverage (UIM) kicks in when the other driver’s coverage stops. For example, if your incur $50,000 worth of damages from an accident, but the other driver’s insurance is capped at $25,000, then you will need to file a UIM claim with your own insurance company for the remaining $25,000. You can buy uninsured and underinsured motorist coverage through your insurance provider to be used in situations where the other driver cannot pay for your expenses.
Having this coverage allows you to receive the compensation you need from your own insurance company. The cost for this coverage typically starts at roughly $15 per month, per vehicle. A very low price to pay for a very broad and valuable coverage!
Please note that uninsured and underinsured motorist does NOT provide coverage for damage to your vehicle. Coverage provided is for injury related expenses only, including loss of wages.
