What is UM Insurance?

It is likely that you may have heard of uninsured motorist insurance and how it can protect you if you’re ever involved in an accident with someone that does not have access to quality liability insurance. If you are wondering what is UM Insurance, it is when someone does not have enough liability insurance to pay for damages associated with your accident, uninsured motorist insurance can give you options.

Uninsured motorist insurance comes with many options based on your insurance company and the coverage options that you have available. There are available limits as well as a series of mandatory requirements to hold uninsured motorist insurance. It’s often expressed as an add-on to your current insurance plan.

Uninsured motorist insurance is typically divided up into three levels of coverage including uninsured motorist property damage insurance, underinsured motorist insurance, and uninsured motorist insurance. These levels of coverage will help you to receive compensation for damages associated with an accident or the excess liability that is required to compensate you in an accident if a party found at fault does not carry enough liability to pay damages during an accident.

Uninsured motorist insurance works as a bodily injury insurance plan. This add-on works to pay for additional injuries like your medical expenses as a result of an accident where an uninsured driver is at fault. UM insurance can protect you as well as your passengers. It can cover everything from your medical expenses to lost wages and pain-and-suffering compensation.

Underinsured motorist insurance will pay out for medical expenses for drivers that carry lower liability insurance. It covers the basic expenses for you and your passengers like medical bills, pain and suffering and lost wages and is designed for individuals that are at fault with lower insurance coverage.

Uninsured Motorist Property Damage Insurance

Uninsured motorist property damage insurance is designed to pay damages on your vehicle. This insurance can protect you in the event of a hit-and-run driver and offer the extra that may be required to help you pay for expenses related to fixing up your vehicle.

Speaking to an insurance representative can be a wise choice when it comes to choosing the right type of UM insurance. These types of insurance products are not widely available in every state but it is important to seek them out if you would like to enjoy an ideal level of protection for you and passengers in your vehicles. Opting for uninsured motorist insurance in some states can be a wise choice especially in areas where there are higher rates of uninsured drivers. With nearly 15% of Americans caring low liability insurance or no insurance at all, UM insurance is becoming a major requirement for many with their car insurance needs.

If you are considering this type of insurance on your own policy it is important to remember that it does only provide you with benefits to the maximum of your own liability as well. Uninsured motorist insurance may be required for covering multiple passengers in your vehicle and this can quickly run through your liability if you carry a low limit. If you and your passengers are facing over $100,000 in medical bills, you may be forced to split these costs using your own UM coverage. Making sure that you are able to improve your own single limits for liability before you opt for this type of coverage is important.

Contact us today to learn more about UM insurance and how we can protect you in the event of an accident where the person at fault is underinsured or completely uninsured. Choosing UM insurance could work to protect you in the future.

Blog