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Why Drivers Need Uninsured/Underinsured Coverage

Why Drivers Need Uninsured/Underinsured Coverage

Posted By The Weinstein Firm LLC || 28-Jul-2015

In Georgia, it is illegal to drive without insurance. Despite this, over 10% of drivers in the state are uninsured according to the Insurance Research Council. Additionally, many more drivers only carry the minimum insurance and can be considered underinsured in major accidents.

Drivers in Georgia are only required to carry liability insurance. Since insurance rates are usually more expensive for drivers with unsafe records, the worst drivers tend to have the least coverage. If you’re struck by one of these drivers, basic liability insurance may not come close to covering the costs of medical bills, property damage, and related expenses.

What Is UM/UIM?

Uninsured or underinsured motorist coverage can refer to several different types of insurance, all of which protect you when you’re struck by an uninsured or underinsured driver. These types of insurance can cover either property damage, or costs associated with personal injury.

Underinsured Motorist Protection (UIM)

UIM, or underinsured motorist protection, works if you are injured in a car accident caused by an underinsured party. When their insurance is too insufficient to cover the extent of the expenses related to bodily harm or injury, this insurance will help cover costs like medical bills and provide compensation for lost wages.

Uninsured Motorist Property Damage (UMPD)

This type of coverage pays for damage to your car caused by an uninsured driver. It’s important to remember that this will only apply in accidents caused by a driver with no insurance at all, but it can give you a sizeable amount of money to cover repairs or replacement of your damaged vehicle.

Uninsured Motorist Bodily Injury (UM)

Uninsured motorist protection is very similar to the UIM coverage mentioned above, although it covers injuries caused by uninsured drivers, rather than underinsured drivers. Since damages caused by an uninsured driver can quickly climb into hundreds of thousands of dollars, this is perhaps the most vital type of underinsured or uninsured policy.

Why Would I Want UM/UIM?

Like any insurance policy, you will hopefully never need to use uninsured or underinsured motorist coverage. However, if you aren’t protected with an appropriate policy, a single car accident can leave you with tens of thousands of dollars’ worth of medical expenses, automotive repairs, and more.

Additionally, it’s important to remember that underinsured and uninsured motorist policies can cover you, even when you aren’t in your own car. If you’re a pedestrian or a passenger in someone else’s car, these policies will cover you if you’re struck by an uninsured or underinsured driver.

Talk to an Experienced Accident Attorney

Have questions about an insurance claim? If so, the experienced personal injury lawyers at The Weinstein Firm may be able to help provide counsel and guidance.

Contact The Weinstein Firm Today for a Free Consultation.

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