Why You Need Uninsured Motorist Coverage
Allen Beasley—January 21, 2022
Why do you need uninsured motorist coverage? This insurance provides protection to you in the event of an auto accident caused by someone else who does not have proper coverage.
If you’re like most people, you probably don’t think about insurance until you need it. And if you’re like most people, you need it when you least expect it. That’s why it’s so important to have uninsured motorist coverage.
This type of insurance can protect you in the event that an accident occurs and the other driver is uninsured or doesn’t have enough insurance to cover your damages. So if you don’t have uninsured motorist coverage, now is the time to get it. It could save you a lot of hassle and money down the road.
What is uninsured motorist coverage?
Uninsured motorist coverage is insurance that you purchase to protect yourself financially if you are in an accident with an uninsured driver or a hit-and-run driver. It also covers you if you are in an accident with a driver who does not have enough insurance to pay for your medical bills and property damage.
Uninsured motorist coverage pays for your medical bills, lost wages, and other damages up to the limit of your policy. It does not cover damage to your car. You should purchase uninsured motorist coverage if you live in a state where it is required by law or if you want extra protection. Some states require uninsured motorist coverage, but others do not. You can check with your state’s insurance department to find out if it is required in your state.
What are the benefits of uninsured motorist coverage?
According to the Insurance Information Institute, about one in eight drivers in the United States are uninsured. If you’re hit by one of these drivers, uninsured motorist (UM) coverage can help pay for your damages, including medical expenses, lost wages and pain and suffering. Here are five benefits of UM coverage:
1. It can cover you if you’re hit by a hit-and-run driver.
2. It can cover you if you’re hit by a driver who doesn’t have insurance.
3. It can cover you if you’re hit by an uninsured motorcycle driver.
4. It can cover you if you’re a pedestrian or bicyclist who is hit by an uninsured or underinsured driver.
5. In some states, it can also provide coverage if your car is damaged by an uninsured driver, such as in a hit-and-run or if your car is vandalized.
How much does uninsured motorist coverage cost?
On average, uninsured motorist coverage costs about $500 per year, or $42 per month. However, the exact cost will vary depending on factors such as the driver’s age, location, and the type of vehicle being insured. Regardless of the cost, uninsured motorist coverage is a valuable protection for drivers and their families.
How do I get uninsured motorist coverage?
There are a few different ways to get uninsured motorist coverage. The first way is to purchase a policy from a insurance company. This coverage is typically included in standard auto insurance policies. Another way to get this coverage is to purchase a standalone policy from an insurance company that specializes in uninsured motorist coverage. The final way to get this coverage is to add it to your existing auto insurance policy as an endorsement.
No matter how you choose to get this coverage, it is important to make sure that you are adequately protected in the event of an accident with an uninsured driver.
What happens if I’m in an accident with an uninsured driver?
If you’re involved in an accident with an uninsured driver, there are a few different things that could happen. First, if the other driver is at fault, they may be required to pay for damages out-of-pocket. This can be difficult to collect, however, so you may want to consider filing a lawsuit.
Second, if you have uninsured motorist coverage on your own insurance policy, your insurer may cover some or all of the damages. Finally, if neither of these options is available to you, you may be able to file a claim with your state’s uninsured motorist fund. This fund is designed to help victims of accidents with uninsured drivers, but it will only cover a portion of the damages and is only available in certain states. Regardless of the outcome, being involved in an accident with an uninsured driver can be a stressful and costly experience.
What if I have multiple vehicles?
In some states, if you have multiple vehicles but only one policy with uninsured motorist coverage, that policy will extend to cover all of your vehicles. However, in other states each vehicle must have its own policy with uninsured motorist coverage in order for the coverage to apply. Check with your insurance agent to be sure you have the coverage you need. If you don’t have uninsured motorist coverage on all of your vehicles, you may be risking significant financial loss if you are in an accident with an uninsured driver.
Uninsured motorist coverage can help to pay for medical expenses, lost wages, and property damage resulting from an accident with an uninsured driver. It can also provide coverage if you are hit by a hit-and-run driver. Don’t take chances when it comes to your safety and financial security – make sure you have the right kind and amount of insurance coverage for all of your vehicles.
By Allen Beasley
Attorney at Law
With extensive experience in civil litigation and several other areas of law, trial attorney Allen Beasley provides well-rounded representation to his clients. He fights for justice in cases where individuals have been wronged or injured due to another party’s negligence, seeking to deliver the best possible outcome every time.
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