Everything You Need To Know About Uninsured Motorist Insurance
You know that you are a responsible driver and you take all the safety measures needed to make sure you don’t end up having an accident. However, you can’t say the same things about other motorists and the worst part is that they may be driving without insurance.
If a vehicle crashes into yours and you find out that they are uninsured, you might find yourself in a financial crisis. This is where underinsured or uninsured motorist insurance comes in to save you from spending your hard-earned money on something that you didn’t cause. The great thing about this type of coverage is that it only costs a little amount of money monthly on top of our existing car insurance policy.
What is Uninsured Motorist Coverage?
This coverage is also known as Uninsured Motorist Bodily Injury Coverage or UMBI. It’s useful if you were involved in a car accident where an uninsured driver is at fault. It can also be used during hit-and-run incidents where you didn’t get any information on the car that fled. This type of coverage is added on top of your existing policy and pays for injuries that you and your passengers incur.
It’s also good to know that you can also add coverage for damages caused to your vehicle on top of your car insurance policy. This is called the Uninsured Motorist Property Damage Coverage or UMPD. This coverage usually requires a deductible so it’s best to schedule an appointment with your agent.
What Are the Alternatives to UM Coverage?
- Health insurance can pay for all the treatments incurred in a car accident. Remember, the type of treatments and mode of payment will depend on the policy that you have.
- Collision coverage can be used to pay for any damages on your vehicle if you were involved in a crash with an uninsured motorist. However, you have to take note that your deductible will be taken off of your payment.
- Underinsured Motorist Covered or UIM is also an additional coverage that can be used when you are in a crash with an underinsured motorist. This policy also covers car repairs incurred during the accident with an underinsured motorist.
Owning a car is not easy and you need to take everything into consideration once you drive. Get the best car insurance policy to protect your investment today. At Sameday Insurance Services, Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (888) 750-9775 or Click Here to request a free quote.