There are 4 major types of motorist insurance coverage:
- Uninsured motorist coverage (UM);
- Underinsured motorist coverage (UIM);
- Medical payments coverage; and
- Gap insurance.
Uninsured Motorist Insurance Coverage
According to a 2011 Insurance Research Council study, 1 in every 7U.S. drivers is uninsured. So what happens if you get into a car accident with one of those drivers? Unfortunately, if you don’t have uninsured motorist insurance, it means that you may end up footing all the bills – even if the accident wasn’t your fault.
If you get in a car accident with an uninsured driver, uninsured motorist coverage (UM) will pay for damages and repairs to your vehicle and, oftentimes, medical bills from injuries resulting from the accident. A hit-and-run driver, a fairly common occurrence in which the driver hits your car and drives away, is usually considered an uninsured motorist and will fall under this coverage.
UM is an important part of your insurance coverage. In a nutshell, it protects you and your family’s finances, ensuring you don’t pay for an accident that wasn’t your fault. Likewise, a personal injury attorney at the Kahn Law Firm can help you collect damages awarded through a personal injury claim. Call 844-301-KAHN for help.
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