How Much Uninsured Motorist Coverage Do I Need?
I was driving home from work one night when I was rear-ended by a car that ran a red light. The other driver didn’t have any insurance, and I was left with a totaled car and a lot of medical bills. I didn’t know what to do, so I called my insurance company. They told me that I had uninsured motorist coverage, which would cover my damages.
I was so relieved to have uninsured motorist coverage. It paid for my medical bills and for a new car. I’m so grateful that I had this coverage, because I don’t know what I would have done without it.
What is Uninsured Motorist Coverage?
Uninsured motorist coverage (UM) is a type of insurance that protects you if you’re in an accident with a driver who doesn’t have insurance or doesn’t have enough insurance to cover your damages.
UM coverage can also cover you if you’re hit by a hit-and-run driver. In some states, UM coverage is required by law. In other states, it’s optional. But even if it’s not required in your state, it’s a good idea to have UM coverage.
How Much UM Coverage Do I Need?
The amount of UM coverage you need depends on a number of factors, including:
- The state you live in
- The amount of other insurance you have
- Your financial situation
In general, you should have at least the minimum amount of UM coverage required by your state. However, if you have a lot of assets or if you have a high income, you may want to consider purchasing more UM coverage. It is also worth taking your local risk tolerance and crime rates.
What Are the Benefits of UM Coverage?
There are many benefits to having UM coverage. UM coverage can provide you with peace of mind knowing that you’re protected if you’re in an accident with an uninsured driver. UM coverage can also help you pay for your medical bills, lost wages, and other expenses related to your accident.
How Can I Get UM Coverage?
You can get UM coverage by adding it to your auto insurance policy. UM coverage is usually available for a small additional premium. You can also purchase UM coverage through a separate insurance policy. Contact your insurance company for assistance.
Tips for Choosing the Right UM Coverage
Here are a few tips for choosing the right UM coverage:
- Make sure you understand the terms of your UM coverage
- Consider your local risk tolerance and crime rates when determining coverage.
- Choose the appropriate coverage limits
- Make sure you have enough coverage to cover your needs
UM coverage is an important type of insurance that can protect you and your family in the event of an accident with an uninsured driver.
FAQs About Uninsured Motorist Coverage
Q: What is the difference between UM and UIM coverage?
UM coverage protects you if you’re in an accident with an uninsured driver. UIM coverage protects you if you’re in an accident with an underinsured driver. Underinsured drivers have some insurance, but not enough to cover your damages.
Q: How much UM coverage should I get?
The amount of UM coverage you need depends on a number of factors, including your state, your other insurance coverage, and your financial situation.
Q: What are the benefits of UM coverage?
UM coverage can provide you with peace of mind, help you pay for your medical bills, lost wages, and other expenses related to your accident.
Q: How can I get UM coverage?
You can get UM coverage by adding it to your auto insurance policy. UM coverage is usually available for a small additional premium.
Are you interested in learning more about UM coverage? Contact your insurance company or an insurance agent for more information.
