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Importance Of Underinsured Motorist Coverage

Wednesday, November 28th, 2012

Being involved in a motor vehicle collision is stressful enough without having to worry about additional financial burdens. The purpose of an auto insurance policy is to protect drivers from such occurrences. If an accident is your fault, then liability insurance will cover damages to property and injuries to other people. However, if you are involved in an accident that is caused by someone who is uninsured, you may find yourself facing financial difficulty. An important coverage to look into when obtaining quotes for auto insurance online is uninsured motorist coverage.

Uninsured or underinsured motorist coverage is an additional insurance coverage that you can add to your existing auto insurance policy. This coverage will protect you against injuries to you or your passengers as well as property damage if they are caused by a driver who does not have adequate insurance in place. This coverage will also apply to a hit-and-run driver, as it cannot be proven whether or not they have adequate insurance, if they are not caught. It is meant to pay the costs that incur if the responsible driver only carries the minimum amount of insurance limits if they are not enough to cover the total damage costs.

Auto insurance can be expensive, in most people’s opinion, as there are so many different optional coverages that can be added on. Full coverage can certainly add up, but in reality, uninsured motorist coverage is relatively inexpensive compared to the expenses that you may be subject to without it. Not having this additional coverage can result in you paying out of pocket for such things as medical expenses or funeral expenses. As well, if you are injured and must be out of work for a significant amount of time, this insurance will protect you against loss of wages.

Uninsured motorist coverage will pay benefits if an uninsured or underinsured driver damages your vehicle or any other property that you own. It will also cover injuries to you or any passengers in your vehicle. The cost of vehicle parts and labor and medical expenses are increasing more and more every year and this insurance can help relieve the burden of having to pay for these items and services. It not only provides financial protection but also gives you peace of mind.

A driver can choose to obtain an insurance policy at any licensed insurance agency or they can purchase auto insurance online. No matter which method is used, it is important to understand all coverages that are available. Under/uninsured motorist coverage is mandatory in some states but is optional in others. Always check the insurance limits and requirements in the state that you live in.

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