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What is underinsured/uninsured motorist coverage, and do I need it?

April 26, 2017coverage motorist underinsured uninsured

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What is underinsured/uninsured motorist coverage, and do I need it?

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Underinsured/uninsured motorist coverage is an add-on option to your car insurance policy, which Iowa law requires be offered to you by your car insurance company. This coverage comes into play if you are injured by the negligent actions of an uninsured driver, or one who does not have enough assets or insurance to cover your damages. In such a case, your insurance company will pay you for the reasonable value of the damages you have incurred, up to your policy limits, and then pursue a claim for recoupment against the party who caused the damage.