According to Collision Week, about one in every eight drivers in the United States are uninsured, with several states having upwards of 20% of drivers lacking auto insurance. Regardless of whether your state requires Uninsured Motorist (UM) or Underinsured Motorist (UIM) coverage, adding UM/UIM is one way to ensure your vehicle and passengers are adequately protected.
Accidents With Uninsured Vehicles: What It Means for Your Car Insurance
Getting into a car accident is stressful enough—let alone colliding with an uninsured driver. If your vehicle needs to be towed, repaired, or is completely totaled by an uninsured or underinsured driver, you could be responsible for covering the entire cost yourself.
Uninsured Motorist (UM) and Underinsured Motorist Coverage (UIM)
By adding UM/UIM coverage, you can avoid being left without a vehicle or paying out of pocket for an accident that wasn’t your fault.
The article recommends reviewing both personal and business auto policies to ensure this coverage is included.
Collision Coverage
Collision coverage helps pay for repairs to your car after an accident, regardless of who is at fault.
In most cases, you will still need to pay your deductible, but the coverage can significantly reduce your financial burden.
Personal Injury Protection (PIP)
Personal Injury Protection (PIP) can cover:
- Medical expenses
- Lost wages (depending on state laws)
This coverage may apply to both the driver and passengers involved in the accident.
Staples & Associates Insurance is an independent insurance agency specializing in farm insurance, home insurance, auto insurance, life insurance, business insurance and more in Maryland and Delaware.
We provide personalized insurance solutions designed to protect farms, families, and businesses with coverage tailored to local risks and evolving industry changes. (410) 546-3999 | https://staplesagency.com/