We are all guilty of speeding through the insurance-buying process without fully understanding the policy that we are buying. Often, people make the mistake of declining coverages to save money on their monthly dues. However, when you’re asked if you’d like to add UIM (uninsured motorist) coverage to your policy, consider the benefits that could significantly change your situation before a car accident.
Liability is required by almost every state, thank goodness for all of us. Liability is our financial relief when we are held responsible for damages. Can you imagine a world without it? Unfortunately, there are (too many) people who don’t think about the consequences of not having uninsured motorist coverage.
We are always facing the risk of driving near an uninsured motorist. According to The Insurance Research Council, 1 in 8 drivers is uninsured. An uninsured motorist simply carries zero insurance. Other drivers who have insurance, but only carry the state’s required minimum limits, do not have enough coverage to pay for your medical expenses.
If you are in an accident with an uninsured/underinsured driver, your own auto policy will not be sufficient enough coverage. Without proper coverages on your auto policy, you’d be left to pay out-of-pocket for injuries caused by another driver.
Unless you purchase UIM coverage. Uninsured Motorist Coverages helps pay for:
Purchase UIM for faster physical recovery if the other driver is proven uninsured. UIM is mandatory in some states, but it’s optional in most other states. Should you purchase UIM?
Protect yourself financially from uninsured/underinsured drivers. You may just thank yourself later.
By: KayLynn P.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search for a local agent with our agent finder map.
Read more about KayLynn's background.
Marriage Changes Things…Including Your Insurance.
Unsatisfactory Experiences Happen in Every Industry. Insurance is not Exempt.
Having supper delivered to your door sure can be convenient, but it also can increase your exposure to a liability claim in a slip or fall. Here’s how to ensure you are covered.
Getting life insurance when you graduate will help cover any car loans, credit card debt and even your student loans. Learn why life insurance is a good step in adulting.
What are “acts of God” and will you be covered in the event of one? The answer is yes, no and maybe. Read our article on “acts of God” and how you may or may not be covered by these perils.
Learn why pre-existing conditions play such an important role in the insurance industry. Know when and how you will, and will not, be covered.
Sure, insurance can be confusing. But did you know all you need to do is read the first page or two of your policy to understand what your coverage is?
Pet insurance can prevent you from having to make one of the most difficult decisions any pet owner would have to make. Here’s how.
There are a variety of circumstances that can make purchasing travel insurance an excellent decision. What does travel insurance cover and when should you buy it when traveling?
Why does a mortgage company or auto lender require you to carry insurance? It is to protect their own interests. Here is why insurance is required and what you can do to act in your own interest.