Uninsured Motorist Insurance
Uninsured motorist insurance (UM) protects you if you’re involved in an accident where the at-fault driver doesn’t have insurance or enough coverage to pay for your damages. This coverage can help cover medical bills, lost wages, and vehicle repairs when the responsible party can’t or won’t pay.
What Does Uninsured Motorist Insurance Cover?
Uninsured motorist insurance typically includes two components:
- Uninsured Motorist Bodily Injury (UMBI): Pays for medical expenses, lost wages, and pain and suffering caused by an uninsured driver.
- Uninsured Motorist Property Damage (UMPD): Covers damage to your vehicle caused by an uninsured driver (coverage limits and availability vary by state).
Why Do You Need Uninsured Motorist Insurance?
Unfortunately, many drivers are on the road without adequate insurance. If you’re hit by an uninsured or underinsured driver, this coverage helps protect you from paying costly expenses out of pocket.
Is Uninsured Motorist Insurance Required?
Requirements vary by state. Some states require you to carry uninsured motorist coverage, while others offer it as optional. Even where it’s not mandatory, having this protection is highly recommended.
Underinsured Motorist Coverage
Related to uninsured motorist insurance, underinsured motorist coverage (UIM) helps cover costs when the at-fault driver’s insurance limits aren’t high enough to cover your full expenses.
What’s Not Covered by Uninsured Motorist Insurance?
This coverage does not pay for damages if you’re at fault or for damages caused by a hit-and-run driver in some states (though many policies cover hit-and-run). It also doesn’t cover theft or vandalism (covered by comprehensive insurance).
How to File an Uninsured Motorist Claim
If you’re involved in an accident with an uninsured driver, report it to your insurance company and provide any police reports, medical bills, and repair estimates. Your insurer will handle the claim and reimburse you based on your policy limits.
How Much Coverage Should You Have?
It’s wise to purchase limits equal to your liability coverage to ensure full protection. Common minimum limits include:
- $100,000 per person
- $300,000 per accident
Protect Yourself Against the Unknown
Uninsured motorist insurance is a safety net that protects your finances from irresponsible drivers. Adding this coverage can save you thousands in medical and repair bills.