Is there a difference between uninsured motorist coverage and underinsured motorist coverage?
Uninsured motorist coverage is coverage on your policy, which pays you for your injuries when someone who has no coverage injures you. Underinsured motorist coverage pays you for your injuries when the at-fault driver has insurance coverage, but the liability limit is not high enough to fully compensate you for all you have suffered.
Yes. Underinsured coverage provides an additional means of collection when one is seriously injured in an accident. It is distinguishable from uninsured coverage which is available when there is no identifiable insurance on an at-fault vehicle. For example, if you carried a policy of $100,000 underinsured coverage and there was a $20,000 policy of insurance on the at-fault diver, it would be possible to seek up to $80,000 in additional compensation from your own insurance company. This is provided that your attorney has secured a tender offer of the underlying policy of insurance. These claims must be handled carefully. Premature acceptance of an underlying policy in full settlement of a claim could forfeit your right to an uninsured policy. Note that an uninsured endorsement on a policy does not necessarily include an underinsured endorsement. Question: What if I already have health insurance or other medical coverage which is paying for my medical treatment? Answer: No-fault benefits
