The Importance of Uninsured/Underinsured Motorist Coverage
At Great Michigan Insurance in Marshall, MI, we are committed to empowering our clients with knowledge, particularly when purchasing an auto insurance policy. The importance of uninsured/underinsured motorist coverage on today’s roadways cannot be overstated. With numerous drivers lacking sufficient coverage to repair another driver’s vehicle in case of an accident, this kind of coverage is more crucial than ever.
Holding uninsured and underinsured motorist coverage is not merely about financial protection. It’s about peace of mind. It’s about knowing that you and your passengers are covered when sharing the roads with other drivers.
Understanding Uninsured Motorist Coverage
Uninsured motorist coverage (UM) is available for drivers in an accident with a party lacking insurance. Liability, the minimum requirement by the state, pays for the injuries of others and repair or replacement of another’s property, if you are found liable for an accident. Suppose a driver is operating a motor vehicle without this minimum coverage and damages your vehicle. In that case, you can rely on your uninsured coverage to kick in and pay for medical costs for you and any passengers in your car. It can also pay for damages to your vehicle to repair or replace it.
Knowing Underinsured Motorist Coverage
Underinsured motorist coverage (UIM) protects you and your passengers if your vehicle is damaged by another driver and/or you’re injured, and their liability is insufficient to cover the total cost of damages. Every state has different minimum requirements for liability, and another’s liability may not be adequate to cover your damages and injuries. In such cases, underinsured motorist coverage will pay the difference between the other’s liability and the cost of your damages up to the policy limit.
Reach Out To Us
If you have more questions about uninsured and underinsured motorist coverage or want to explore your options, contact Great Michigan Insurance in Marshall, MI, at (269) 789-0909.
