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
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