What Is Underinsured Motorist Coverage?

You may find it to your advantage to purchase underinsured motorist (UIM) coverage to protect you in case you are in a collision. Serious motor vehicle accidents can cause severe financial strain on your family, in addition to any physical injuries that affect your life. Dealing with an uninsured or underinsured driver can add even further stress. However, having adequate insurance coverage, specifically underinsured motorist (UIM) coverage, can provide the protection you need in these situations. We’ll go through the details of this type of coverage and explain why it is essential to have.

The Benefits of Underinsured Motorist (UIM) Coverage

Underinsured motorist coverage complements offers protection when you are involved in an accident with a driver who has an insurance policy but lacks enough coverage to compensate you for all the damages you experienced. UIM coverage bridges the gap between the at-fault driver’s insurance limit and your actual expenses, ensuring you do not have an unfair financial burden. There are a few different benefits to underinsured motorist coverage:

• Enhanced Protection: UIM coverage provides an additional layer of protection, ensuring you receive fair compensation for your losses, even when the responsible driver’s coverage falls short.
• Medical Expenses and Property Damage: This includes medical expenses and damages resulting from a car accident with an underinsured driver.
• Compensation for Losses: UIM coverage can compensate you for various losses, including medical bills, lost wages, pain and suffering, and other related damages not adequately covered by the at-fault driver’s policy.

When you are in a serious accident and need to think about your future, you should not have to spend time worrying about how your medical bills will get paid. UIM coverage allows you to focus on yourself instead of the finances.

Differences From Uninsured Motorist (UM) Coverage

Uninsured motorist coverage is an insurance policy designed to protect you if you are involved in an accident caused by a driver without any insurance at all. Like UIM, this coverage compensates you for medical expenses, property damage, and other financial burdens you experienced. In some states, you can get both of these coverages packaged together. One notable benefit of UM coverage is that it can cover you for hit and run accidents, in which the at-fault driver speeds away after a crash and you are unable to locate them.

Learn More About Underinsured Motorist Coverage

Uninsured and underinsured motorist coverage is an essential insurance policy that protects you after an auto wreck when an at-fault driver lacks insurance or has insufficient coverage. By investing in these coverages, you can protect yourself from significant financial burdens resulting from an accident. Speak with Jan Dils, Attorneys at Law, to schedule a free consultation. Our experienced Personal Injury attorneys can help you whether you are dealing with a fully insured, partially insured, or completely uninsured driver.