You’ve been in an accident, but it was not your fault and driver who hit your car may not have a current auto insurance policy that is active or in force.
This situation occurs more often than people realize. According to the Insurance Research Council (IRC), one in eight drivers in the U.S. is uninsured.
Despite this fact, you can rest a little easier when you add uninsured motorist coverage to your policy.
Difference between Uninsured Motorist Coverage and Underinsured Motorist Coverage?
Uninsured Motorist Insurance, sometimes abbreviated "UM", will help you pay for medical expenses, lost wages and other related expenses when you or your
passengers are injured in an accident caused by an uninsured driver.
Underinsured Motorist Insurance, sometimes abbreviated "UIM", will help you pay for medical expenses, lost wages and other related expenses when you or your passengers are injured in an accident caused by a driver whose insurance policy liability limits are "maxed out" before satisfying the damages owed to you.
What Does Uninsured Motorist Coverage Usually Take Care of?
UM and UIM insurance each can be purchased with one or both of the following liability protections:
Bodily injury (BI)- Coverage that helps pay for you and your passenger's medical expenses when an injury occurs due to an accident caused by another driver.
Property Damage (PD)- Coverage that helps pay for your vehicle and property damages when an accident is caused by another driver.
Do You Need Uninsured Motorist (UM) Coverage?
According to the Insurance Research Council, as many as 13% of motorists driving on roadways in the United States are uninsured.
If one of these drivers causes an accident that you are involved in, it's always better to know that you are protected and have the right coverage to keep you out of harm's way financially.
At Qualitas, we pride ourselves on providing the best possible Auto Insurance value for our clients.
Our Qualitas agents can provide you with additional information about Uninsured/Underinsured Motorists coverage as well as other insurance options.