What is uninsured motorist for and do I need it?
Ted
Lawton OK.
Ted,
Uninsured motorists (UM) coverage pays for medical bills if you’re struck by someone who is uninsured or if you’re a victim of a hit-and-rum driver. UM is required in many states.
Similarly, underinsured motorists (UIM) coverage kicks in when someone causes an accident but doesn’t have enough insurance to cover all the medical bills. In that case, the at-fault person’s insurance pays out to its maximum and then your UIM coverage pays for the remaining bills, up to your own limit. UIM coverage is required only in
UM and UIM coverage also cover pain and suffering claims and, in some states, also cover property damage.
Great Question.