Uninsured vs. Underinsured: What You Need to Know

By January 26, 2018 Personal Insurance

So what are the available coverages and their differences? Here’s what you should know:

Uninsured motorist coverage (UM) protects insureds who are injured by drivers who aren’t currently insured.

Underinsured motorist coverage (UIM) provides a similar function if the driver’s insurance coverage isn’t sufficient to pay the insured’s damages for bodily injury.

UM/UIM coverage offerings and pricing vary from state to state, depending on regulatory requirements and business considerations. Some states also require insurers to offer uninsured motorist property damage coverage designed to repair or replace vehicles damaged in collisions with uninsured motorists.

To prevent financial hardships in the event that you are in an accident with an uninsured motorist, call us about adding uninsured coverage to your auto policy. Considering the risks, it could be worth the additional premium you pay. We’re here to help…410-897-9890.

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