You are looking to get car insurance and your insurance agent asks you about UM/UIM coverage. Then you wonder what exactly is UM/UIM and why do I need it on my auto insurance policy.
UM is uninsured motorist coverage and will provide benefits to car accident victims to help pay for their injuries in the event that the other driver does not have auto insurance while UIM is if they don’t have enough insurance.
Now that we have covered what this is, now let’s discuss why you need it. With the current economic turmoil that Americans are suffering, there are more and more drivers on the road only carrying state mandated minimum liability coverage limits because this is simply all they can afford or foolishly driving around completely uninsured.
Now this puts a car accident victim in a quite a predicament. For example, you and your two children are on the way to school and your vehicle is struck at an intersection severely injuring all three of you to the point medical treatment involves surgical procedures and prolonged physical therapy. The medical expenses and your lost wages total over $100,000.
If that driver has no auto insurance, your UM coverage would kick in to help you out.
If that driver only has $65,000 in coverage, your UIM coverage would be available to pay the difference.
Without adequate UM/UIM coverage, you could be left with unpaid medical bills which could cause financial devastation for you.
You may be surprised at how low the cost of UM/UIM coverage can be and you should consider upping your limits to the maximum possible to fit your budget. This protection can be priceless in the long run to protect you and your family from unsafe drivers.
If you are a victim of a car accident, you should not battle the insurance company alone as their goal is to pay out the minimum possible. An experienced personal injury attorney can take this burden off your shoulders and fight for you so you can concentrate on recovering from your injuries.