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WHAT IS UNINSURED/UNDERINSURED (UM/UIM) MOTORIST INSURANCE COVERAGE?

April 26, 2017insurance coverage motorist uim UM underinsured uninsured

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WHAT IS UNINSURED/UNDERINSURED (UM/UIM) MOTORIST INSURANCE COVERAGE?

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These are really two different coverages that are sold in most states as one package. Uninsured Motorist Insurance (UM) provides coverage to you if you are injured or damaged as a result of a driver who has no insurance. Essentially, your own insurance company acts as the other driver’s insurance company and evaluates and pays your claim. After your claim is resolved, the insurance company will seek reimbursement or a judgment from the uninsured driver. You should always consider UM coverage, because you never know whether the guy that just ran into you forgot to pay his insurance premiums.