When you’re reviewing your auto insurance policy, it’s important to understand what uninsured motorist (UM) coverage and underinsured motorist (UIM) coverage can provide. Some states require uninsured motorist coverage, so you may not have a choice about paying for it. Both coverage types cover injuries to you and passengers if you’re in a car accident caused by:
- A driver who doesn’t carry any liability car insurance.
- A driver who doesn’t have enough liability insurance to cover your medical bills.
- A driver whose insurance company denies coverage or goes out of business.
Uninsured motorist coverage can pay for:
- Medical bills.
- Lost wages if you can’t work because of the car accident.
- Pain and suffering compensation.
- Funeral expenses.
- In some states, car damage.
Breaking Down Uninsured Motorist Coverage Variations
There are four main types of coverage grouped under uninsured motorist coverage:
- Uninsured motorist bodily injury (UM or UMBI) — pays when an at-fault driver causes a car accident.
- Uninsured motorist property damage (UMPD) — covers damage to your car if it’s hit by someone without insurance. Some states allow you to use…
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