with the minimum amount required by their state, which often isn’t enough to cover the damage. UIMcan cover bodily injury and/or property damage. Bodily injury (UIMBI) coverage is required by some states, but property damage (UIMPD) coverage is required less often and not even offered in some states. Uninsuredmotorist coverage can be a little confusing, so I want to make sure you understand this point: in some instances, if the other driver is at fault, your coverage limits must be higher than theirs to get benefits. How does this
HORROR STORY: EVERYTHING’S GONE Rod was killed when a car hit him head on. The other driver’s lawyer said they had insurance but no proof that they did. However, when Rod’s mother went to file a claim, the insurance company said the car wasn’t covered. Not only did Rod’s family suffer the unimaginable by suddenly losing their loved one, but they also had the stress of a ton of expenses with no insurance payments to help cover even a little of the cost. This is why UM and UIM coverage is crucial.
work? Here’s an example where the other driver is fully at fault: ; ; The other driver has the state minimum of $40,000 bodily injury liability coverage. ; ; You have under-insuredmotorist bodily injury coverage of $20,000. ; ; You got badly injured in the accident, and your medical costs reach $75,000. Since your UIMBI is less than the other driver’s coverage, you
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