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Uninsured Motorist Coverage

In short, this insurance coverage is self-explanatory. If you are in a situation where you have been involved in an accident with a driver who is uninsured, your insurance company will cover you for any damages that have been sustained or any repairs needed at the time of the insurance claim, if you have decided to purchase the policy..

Often paired with underinsured motorist coverage, this is a policy to be considered by every driver out there today. To some this may seem as an unnecessary increase to their monthly premium, but with the bigger picture in mind and the many drivers on the road, there will always be that one driver who does not have liability auto insurance.

Stats show that approximately 14% of drivers on the road are without any liability auto insurance coverage on their vehicle. To be quite frank, that is a significant number of people in that pool. Being involved in that situation can be stressful and expensive without the right insurance coverage. We are going to explain why it is important not only for you as a driver to be adequately covered with auto insurance but also why it is a good idea for you to have uninsured motorist coverage as well.

This type of insurance can be broken down further, this will help you understand the different aspect of this insurance policy and can help determine if you need this coverage.

The Different Types

Also known as UM, as stated above this type of coverage can be broken down into different parts so you as a reader and a potential shopper will have the best understanding possible. It will help gauge you to understand if this insurance is a great fit for you. Although in some states this is a requirement, if that is the case feel free to read on for more information.

Known as UIM or uninsured motorist coverage, in the case of an accident where you will need medical assistance and the at-fault party does not have enough liability insurance coverage to cater to your medical bills, your insurance coverage will be there to help you with these expenses. Although if the driver does have liability insurance and it is not sufficient enough to cover the expenses, your uninsured coverage may also be beneficial.

Also known as UMPD or uninsured motorist property insurance the property coverage offered to you via this policy is simple and straightforward. If an uninsured driver hits your vehicle and cannot cover the damages or is uninsured, you can count on your uninsured motorist coverage to take effect. Some other scenarios where this can apply are:

  • Hit and run
To find out more information about this type of insurance policy such as: what benefits you receive as well as what the coverage entails you should speak to your insurance company for more details. 

Underinsured Motorist Coverages

Like mentioned above, if the at-fault driver does not have sufficient insurance to cover the damages, underinsured coverages will take effect. For more information about underinsured policies, please click here.

Example

You were stopped at a stop light and you were rear ended by another vehicle. You have made a claim and noticed that the other party does not have insurance, in your given situation you have read this article and decided to purchase uninsured motorist coverages. Since you’ve done that, the bills have accumulated to be $10,000 in total, your uninsured policy allows you to make a claim up to $20,000. You have been fully covered in this instance and did not have to worry about fronting the money.

Summary

Depending on your state, this coverage may be a requirement or an option. Regardless of which we do recommend that you take a look into this insurance policy and strongly consider it for your vehicle. There are a lot of drivers on the road out there today that do not have adequate insurance or insurance at all when they are driving their vehicle and could possibly leave you in a situation where you may have to front the money to repair your own vehicle, simply cause you were involved in an accident with an uninsured driver. It is a scary thought, but knowing the three different types of policies that you can take, uninsured motorist for bodily and property or even underinsured coverage’s are without a doubt a great asset to anyone.  For more information about this policy and how it can benefit you, please contact your insurance company for more information.

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