What is Uninsured/Underinsured Motorist Coverage and why should I purchase it?
Uninsured motorist insurance covers medical injuries to you and the people in your car if you are struck by someone who does not have insurance. The second part of the coverage “Underinsured” comes in to play when the person who hit you has lower limits of coverage than the injuries you have sustained in the accident. There are many drivers who opt to carry the State Minimum of 25,000/50,000/15,000. The first number is the maximum their policy will pay, per person, for personal injury, 25,000 doesn’t go very far these days when it comes to medical costs. Also, most don’t realize that uninsured motorist insurance also covers you if you are struck as a pedestrian walking across the street or riding your bike.
The cost of uninsured motorist coverage is affordable and protects you and the people who ride in your car. Not everyone we offer a ride to has health insurance coverage. If you carpool or are helping deliver a car full of kids to a soccer game, it is always wise to make sure that your auto insurance policy has not only uninsured/underinsured motorist coverage, but that the limits of uninsured motorist coverage match your currently liability limits.
Additionally, if you no longer carry full coverage on your vehicle (comprehensive and collision coverage), you can purchase Uninsured Motorist Property Damage coverage. If you sustain damage to your vehicle, if you are hit by an uninsured motorist, you can still have the damage to your car repaired. There are deductible options available with Uninsured Motorist Property Damage (UMPD) and the premiums are usually quite favorable.