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BAM! Another Driver Rams into You. Are You Covered? Maybe Not.

August 27, 2015

Photo by Alistair Diarmidaccident_wheel_bodywork_95822_h

Most car insurance claims pay depending upon who is at fault in an accident.

If you are at fault, your insurance company pays: Bodily Liability pays medical, Collision pays car repairs.

If the other driver is at fault, their insurance kicks in.

But what if the other driver is at fault, but doesn’t have insurance?  Will your insurance cover your medical bills?  Will your insurance pay for car repairs?

If you have Uninsured/Underinsured Motorist (UM/UIM) coverage, then the answer is your medical expenses will be paid for up to the limits of your policy.  Your car repairs will not be paid for.  UM/UIM is bodily liability only.  Some states do offer separate property damage for uninsured motorists.

If you don’t have UM/UIM, then it’s all coming out of your pocket!

Is it worth taking the chance that you won’t be hit by an uninsured motorist?

According to the latest national figures (2012) from Insurance-Research.com, 29.7 million drivers do not have insurance.  The states with the highest uninsured motorist claims were California, Florida and Texas.

Call your agent.  Check your coverage.  If you don’t have UM/UIM, ask for it.  Be careful out there.

As always, thanks for reading.

— E. A. Cooke

To learn more about commonly misunderstood insurance terms and other insurance topics subscribe to the Avanti Reader via RSS, follow Avanti Business and insurance Services on Facebook or Twitter (@AvantiInsurance) to receive notifications of future posts.

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