Uninsured and Underinsured Motorist Coverage
If you are in an accident and the other driver has no insurance, you
can still be protected from costs incurred from damage and injury.
Uninsured motorist coverage covers the costs, up to the policy's
limits, for medical bills and car repair. For instance, if you are
injured seriously in the accident the daily costs of treatment, medical
care and medication can be staggering. This coverage takes away the
worry of these kind of bills. You can purchase different levels of
coverage depending on your budget and how much you feel that you will
need. In many states it is required that you carry a minimum amount of
uninsured motorist coverage on policy. Your insurance agent can inform
you of these limits and answer any questions that you might have.
Another concern for many drivers is motorists who are underinsured. In this case, the other driver may have coverage but does not have enough to cover all of the costs incurred in a wreck. Underinsured motorist coverage handles the costs that remain after the other driver's insurance has paid up to the policy limit. If your vehicle is heavily damaged or totaled, having this policy will make sure you get the money you need to repair or replace your car. And, this coverage may be required in your state as part of your regular insurance policy. The minimum limits can vary with each state. You can find these limits online and there is more information at your local department of motor vehicles.
The amount of bodily injury and damage coverage that you choose with this kind of coverage can be crucial. Even though you may only be required to purchase the state's minimum amount, it is wise to buy more than is mandated in order to give you the maximum protection that you need. Your insurance agent has information on your region's accident rate and related damage costs. They can recommend the best amount that is right for you and the type of vehicle that you drive.
Purchasing uninsured and underinsured motorist coverage will give you the peace of mind that you are adequately protected in the event of an accident.