Uninsured motorist coverage is meant to protect drivers if they’re in an accident with either a driver who has no insurance or a driver who hits and runs.
Nearly 13% of drivers in the United States don’t have auto insurance, according to the Insurance Information Institute. In certain states, that percentage can be much higher.
About half of states require drivers to have uninsured motorist coverage and/or underinsurance motorist coverage.
UM insurance typically covers the driver’s injuries as well as any passengers’ injuries and any damage to the vehicle. Sometimes the coverage can be separated into uninsured motorist bodily injury, or UMBI, and uninsured motorist property damage, or UMPD.
Drivers can typically choose the insurance limits for UM coverage. Some states require drivers to choose identical limits for bodily injury and liability coverage.
The slideshow above highlights questions about uninsured motorist coverage answered by the editors at FC&S.
Insurance coverage information provided by FC&S is general in nature and only intended for education and information purposes.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.