Explanation of Uninsured Motorist Coverage on Car Insurance
Uninsured (and underinsured) motorist coverage protects you if you are in an accident with someone who does not have insurance or their coverage does not meet the liability requirements, according to Insurance.com. Property damage and bodily injury are included in uninsured/underinsured motorist coverage.
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Benefits
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Car Insurance.com indicates that uninsured motorist (UM) coverage provides protection for you and other drivers covered by your insurance policy, as well as any passengers if you are in an accident where the other driver is at fault but is not insured.
Requirements
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According to Insure.com, states that require UM property damage coverage include the District of Columbia, Georgia, Hawaii, Maryland, New Jersey, New Mexico, North Carolina, Oregon, South Carolina, Texas, Vermont, Virginia and West Virginia. A few additional states require it if you do not have collision coverage.
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UM Property Damage
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UM property damage coverage can keep your premiums from being raised, according to Insurance.com. The cost of UM property damage insurance with a lower deductible is less expensive than regular collision coverage. UM property damage pays for repairs to your car if the other driver is uninsured or underinsured.
UM Bodily Injury
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UM bodily injury coverage protects you and your passengers for medical expenses and lost wages if you are in an accident with an uninsured or underinsured motorist. UM bodily injury could also cover you if you are hit while trying to cross a street, according to Insurance.com.
Underinsured
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Car Insurance.com indicates that in the case of an accident with an underinsured motorist, your coverage usually pays for any remaining expenses beyond what their insurance will cover.
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