Why You Need Uninsured/Underinsured Motorist Coverage

Why You Need Uninsured/Underinsured Motorist Coverage

 

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:

  • Bodily Injuries: When you are in an accident with an uninsured driver, this coverage is for your medical expenses. Some states and insurance companies may also provide coverage for your passengers.

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?

  • If your state has a high percentage of uninsured/underinsured motorists, it is within your best interest to purchase this endorsement.
  • What are your state’s minimum liability limits?
  • Do you live in a high-risk area? Is there often heavy traffic?

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

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about
our blog writer?

Read more about KayLynn's background.

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Four Needs Life Insurance Can Help Fulfill

Life Insurance May Be More Versatile Than You Think

Term Insurance: Big Protection at Affordable Rates

If You Are Entering a High Responsibility Portion of Life, Term Insurance May be the Answer

Funerals, Life Insurance and Flowers

How Funerals Have Changed in Recent Years

The Difference Between Burial Insurance and Life Insurance

Do You Have Sufficient Life Insurance for Your Situation?

Why a Million Dollar Life Insurance Policy May Not Be Enough

The Time When a Million Dollars in Life Insurance May Have Seemed a Bit Much

Creating a Life Insurance Inventory

What Do You Want Your Life Insurance Proceeds to Accomplish?

Life Insurance: Why Waiting Limits Your Options

Waiting to purchase life insurance just may limit your options. Here’s how to maximize your choices when buying life insurance.

Five Cents a Week for Life Insurance? Wait…There’s more!

There Was a Life Insurance Version of the Milk Man and Home Doctor Visit

The Difference Between Term Life Insurance and Permanent Life Insurance Explained

This is a Great Way to Start with Life Insurance

A Closer Look at the Life Insurance Waiver of Premium Benefit

Many Life Insurance Policies Contain a Powerful, Hidden Benefit

Leave a Comment