Although liability insurance is required by law in all 50 states, many drivers are still uninsured or underinsured. Not sure what that means? Take a look at the explanation of the terms:
An uninsured motorist (UM) doesn’t have insurance or their insurance company denies the claim.
An underinsured motorist (UIM) has the minimum legally-required insurance, but the payment limits on their policy don’t meet the amount of vehicle damage or bodily injury they caused you.
Very few states require UM/UIM coverage, but experts highly recommend it. It’s relatively inexpensive and could be vital to recovering your loss if you are hit by an uninsured or underinsured motorist.
This coverage pays your medical bills, lost wages, and pain and suffering in the event that other driver’s insurance does not. Without it, if you’re hit by an uninsured or underinsured motorist, YOU will be the one forced to cover those costs.
Some UM or UIM claims can only be filed by an insurance company. It’s always best to contact your agent and let them handle your claim. Don’t take chances that another driver may not be properly insured. Make sure your policy covers your needs in the event of an accident with an uninsured or underinsured motorist. We would be happy to help you.
Contact Schwartz Insurance Group for more information or visit our website to get an instant auto insurance quote.