It is very important to have uninsured motorist coverage
Uninsured motorist coverage helps you when someone rear ends you who is at fault. Drivers have to buy liability insurance to be legal to drive on the road. There are 1 and 8 drivers on the road who are uninsured. Some people choose to drive uninsured and some may not have the funds but it is still important to be insured. If the person who is at fault does not have any insurance than you would have to pay the cost from the damages. Uninsured motorist plays an important role, because when someone hits you that is uninsured then if you have that coverage then it helps pay for that cost.
What is underinsured motorist coverage?
Underinsured motorist bodily injury coverage help cover the cost of your bodily injury when the other drives insurance is not sufficient. Now the tricky part is your underinsured motorist bodily injury coverage has to be more than the person at fault. This may not seem fair at all, but it is just how the rules go. Here is a prime example: Lets pretend that you have 25,000 worth of UIM, but the person who is at fault had 50,000 UIM , then that means that you will be covered for any damages occurred. Now if your insurance was more than the person at fault then you will be covered for any damages occurred.
The difference between uninsured and underinsured?
Uninsured is when your in an accident with someone who is at fault and who does not have liability insurance. Even though they are at fault you can still be covered so you would not have to come out of pocket. Now on the other hand underinsured is a little different not this coverage steps in when the at-fault- driver liability limits are to low to cover any damages or medical expenses. The at- fault drivers insurance will usually cover you and pay for all the damages up to the policy limit. Your underinsured motorist coverage will cover the excess amount up to the limits you select.
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