Uninsured motorist coverage protects the policyholder when they are involved in an accident with a driver who is at-fault, but who does not have any insurance. The article describes this type of coverage and how it can help you should you be involved in an accident without insurance.
What is uninsured motorist coverage?
Uninsured motorist coverage is insurance that protects you financially if you are hit by a driver who does not have insurance. If you are hit by an uninsured driver, this coverage will pay for your medical bills, lost wages, and other damages. It is important to have this coverage because it can protect you from financial ruin if you are involved in an accident with an uninsured driver.
How does uninsured motorist coverage work?
Uninsured motorist coverage is a type of insurance that helps protect you financially if you are hit by a driver who does not have insurance. If you are hit by an uninsured driver, your own uninsured motorist policy can help pay for your damages, including medical expenses and lost wages.
Most states require drivers to carry some form of liability insurance, but not all drivers do. Even if a driver has insurance, their coverage may not be enough to cover all of the damages they cause in an accident. That’s where uninsured motorist coverage comes in.
If you are hit by an uninsured or underinsured driver, your own uninsured motorist policy can help pay for your damages, up to your policy limit. Your insurer will also usually step in and help defend you if the other driver sues you for damages.
Uninsured motorist coverage is relatively inexpensive, so it’s a good idea to make sure you have it before you get behind the wheel.
Benefits of uninsured motorist coverage
There are many benefits of uninsured motorist coverage, which is why it is so important to have.
- This type of coverage protects you financially if you are hit by a driver who does not have insurance. Without this coverage, you would be responsible for paying all of your own medical bills and car repairs, which could be very expensive.
- Uninsured motorist coverage also protects you if you are hit by a hit-and-run driver. If you have this coverage, your insurance company will pay for your damages even if the other driver cannot be found.
This type of coverage is relatively inexpensive and can save you a lot of money in the long run. It is important to discuss your options with your insurance agent to make sure that you are getting the best possible coverage for your needs.
Why should you have uninsured motorist coverage?
There are a number of reasons why you should have uninsured motorist coverage, even if you are a safe driver.
- The most obvious reason is that it can protect you financially if you are hit by an uninsured driver. Even if the other driver is found at fault, if they don't have insurance, you could be left with expensive medical bills and car repairs.
- Uninsured motorist coverage can also protect you if you are hit by a hit-and-run driver. If the other driver flees the scene, you may not be able to track them down and hold them accountable. Having uninsured motorist coverage means that your own insurance company will step in to cover the costs.
- Finally, uninsured motorist coverage provides protection in cases where the other driver is underinsured. This can happen when the other driver has insurance, but their policy limits are too low to cover the costs of your damages. In this case, your uninsured motorist coverage would kick in to help cover the expenses.