Watch our video to learn more about the uninsured (UM) and underinsured motorist (UIM) coverage.
Since virtually every state in the US requires a certain minimum level of insurance responsibility of driving a motor vehicle may be wondering why they would need to buy coverage of uninsured motorists.
Unfortunately, we all know that just because the law says we're supposed to do something, does not mean everyone will. According to the Insurance Research Council (IRC), an estimated 14 percent of drivers are uninsured nationwide, and in some states up to 26 percent of all drivers lacking auto insurance.
So what's uninsured motorist coverage? Uninsured drivers, or UM coverage provides insurance protection for bodily injury, and damage property in some states, caused by a driver who is not insured. This coverage allows you to collect from your own insurance company as if it provided liability coverage for the negligent driver and uninsured. It provides benefits for you and your family from injuries sustained in your own car covered in automobile you do not own, or as a pedestrian.
Thinking about chancing it? Maybe you'll be lucky enough not to get hit by an uninsured motorist? As I mentioned before, the coverage of uninsured motorists not only provides protection for you while you are driving a vehicle, but also when you are a pedestrian. To help drive home (excuse the pun) the importance of this coverage, think about this real example: a cyclist was traveling through an intersection when a van ran the red light. the head of this young man bounced off the window of the van, leaving him with multiple facial lacerations and busting almost all his teeth. The van drove away, and no one was able to track down the driver. The young man had to have multiple surgeries to his mouth and face. Fortunately for him, he made $ 250,000 uninsured motorist coverage that paid for most of his injuries.
It is also important underinsured motorist coverage, which provides insurance coverage for bodily injury and property in some states of damage sustained by you when a motorist has liability insurance. but not sufficient, negligently causes an accident. Consider this: if you were permanently injured by a driver in your state where the minimum law of fiscal responsibility requires limits of $ 15,000 per person / $ 30,000 per accident / $ 10,000 property damage (presented as 15 / 30/10 on your page policy statements), would it be sufficient to cover medical care for life? Of course not. That's why it's so important to buy the right amount of coverage for underinsured motorists.
Check your policy and contact your insurance agent about adequate amounts of coverage for uninsured motorist or underinsured to ensure that you are covered even when the other person is not
The information obtained from :. http://www.irmi.com/newsletters/hidden/personal-lines-tips/2014/03-why-you-need-uninsured--coverage.aspx motorists.
guarantees described here are in the most general terms and are subject to conditions and actual policy exclusions. In the language of the actual cover, conditions and exclusions, please refer to the policy or contact your independent agent.
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