When it comes to car insurance, there's one aspect that often goes overlooked: uninsured motorist insurance. This coverage is designed to provide financial protection if you're involved in an accident with an uninsured or underinsured driver. In this blog post, we will delve into how uninsured motorist insurance works and why it's an essential component of your auto insurance policy.
Uninsured motorist insurance, often abbreviated as UM, helps cover your medical expenses, lost wages, and property damage resulting from an accident caused by a driver who doesn't have insurance. It also extends its protection if the at-fault driver has insurance, but their policy limit is insufficient to cover all the damages. UM insurance ensures you are not left bearing the financial burden if you encounter an uninsured or underinsured driver on the road.
Uninsured motorist insurance typically comes in two forms: uninsured motorist bodily injury (UMBI) and uninsured motorist property damage (UMPD). UMBI covers your medical expenses, pain and suffering, and lost wages resulting from an accident with an uninsured driver. UMPD, on the other hand, covers the damage to your vehicle or other property caused by an uninsured driver. These coverages can be purchased separately or together, depending on your state's regulations and your personal needs.
Uninsured motorist insurance is an essential safeguard that protects you financially in the unfortunate event of an accident with an uninsured or underinsured driver. By adding this coverage to your auto insurance policy, you can have peace of mind knowing that you won't be left facing hefty expenses due to someone else's negligence. Remember, responsible driving includes protecting yourself from the risks posed by uninsured motorists on the road.
I strongly recommend that you doublecheck your insurance policy to make sure you have UM at least equal to your liability limits. UM is relatively inexpensive and you don't want to learn you don't have it after you've been hit by an uninsured or underinsured driver.