Explanation of Uninsured Motorist Coverage on Car Insurance

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Uninsured motorist coverage is designed for very particular situations. Get an explanation of uninsured motorist coverage on car insurance with help from a fee-based insurance and risk management consultant in this free video clip.

Part of the Video Series: Auto Insurance
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Video Transcript

Hi, I'm Dan Weedin. I'm a nationally-recognized insurance consultant, and today we're going to talk about a very confusing topic, uninsured and under insured motorists. Here's how it works, number one you need to understand that uninsured motorists and under insured motorists is all about you. Not about the under insured or the under insured motorist. It's about making sure that you are taken care of ether your medical costs or the damage to your car. If your involved in a accident and the person at fault ether has no insurance or doesn't have enough insurance, it has low limits and it's inadequate to pay for your loss. Many people in trying to cut costs of their premiums don't by uninsured motorist and that is a huge mistake. You've done the right thing and purchased auto insurance, other people have not. If they get, if you get involved in an accident with them and you have major injuries to yourself. Yes, you may have medical insurance, but that's your medical insurance paying it and, and who knows perhaps it doesn't cover everything. And it's your vehicle that's damaged and has to go to the shop and your without it for a week or two. That normally falls on the person who is liable. Right? Well, if that person doesn't have insurance, they are uninsured the only way that is going to be paid and you're going to be made whole again, is by your uninsured motorist coverage. Now, under insured motorist coverage is the same thing, except it means that the person had insurance, but just maybe not enough. Many states only require minimal levels of insurance. Here in the state of Washington, where I live. The limits are twenty five thousand dollars per person, fifty thousand dollars per accident and ten thousand dollars per each vehicle. Think about that. How many vehicles are over the value of ten thousand dollars on the streets? Probably most of them so if your vehicle is worth more than ten thousand dollars and you get hit by somebody and it's totaled and they don't have insurance or they are under insured, it needs to come out of uninsured motorist coverage. That's how it works. It is a small price to pay. I look at it as an investment, it's a small investment in your body and in your, your cars body. To make sure that no matter what situation you're involved in, an accident. If it's somebody else's fault and they can't come through with it, your insurance is. Again, I'm Dan Weedin. Today, we talked about the importance of uninsured and under insured motorist in your auto insurance. Thanks for watching.

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