A Look inside Uninsured and Underinsured Motorists Coverage

Many people get notices from their auto insurance carrier with offers for additional Uninsured or Underinsured motorist coverage and aren’t sure what the coverage is and if it is for them – so let us explain-

Uninsured and underinsured motorists coverage (UM/UIM) provides coverage for you and your household members, while in any vehicle, including your own as well as while you are a pedestrian.

What if:

  • Your child that lives in your household gets injured in an auto accident- and you have a high medical deductible plan and you have to take time off for work to care for her or him?
  • Your husband is riding his bike – and gets hit by a car and is killed?
  • You are single and get hit walking across the street?

IF the negligent driver has insurance, with sufficient limits, you should be covered! You should be able to get all of your medical bills paid for, as well as be reimbursed for your lost time at work and perhaps an additional amount of money for your pain and suffering.

BUT – What if the driver of that vehicle has no insurance or only the minimum required limit of $20,000?

IF YOU HAVE UNINSURED and UNDERINSURED motorist coverage, you can collect from your own auto insurance carrier for:

  • Medical Bills
  • Lost time from work
  • Time for you to take off from work to care for an injured spouse or child
  • Compensation for your pain and suffering

You can purchase up to the amount of your regular auto liability limits- and if you have an excess liability or umbrella policy, which I STRONGLY encourage, you can usually add additional uninsured/underinsured motorist limits to that.

Keep in mind, this coverage only applies to members of your household. If you have a child living on their own but driving your car, they will not have this important coverage while in a vehicle that isn’t theirs, nor as a pedestrian or bicyclist.

For more information, contact Associated Agencies. 

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