Being involved in a car accident can be a harrowing experience, and dealing with insurance matters afterward can add to the stress. One important aspect of insurance coverage that many people may not fully understand is underinsured motorist coverage (UIM). So, what exactly is underinsured motorist coverage, and why is it important?
What is Underinsured Motorist Coverage?
Underinsured motorist coverage is an optional insurance coverage that can protect you in the event you are involved in an accident with a driver who has insufficient insurance to cover your damages. In other words, if you are in an accident caused by another driver who does not have enough insurance to pay for all of your medical bills, lost wages, and other damages, underinsured motorist coverage can help bridge the gap.
Why is Underinsured Motorist Coverage Important?
Having underinsured motorist coverage is important because it can provide you with financial protection in situations where the at-fault driver’s insurance coverage falls short. Without this coverage, you could be left responsible for paying for damages out of your own pocket, which can be financially devastating.
How Does Underinsured Motorist Coverage Work?
If you are in an accident with an underinsured driver, your underinsured motorist coverage will kick in after the at-fault driver’s insurance coverage has been exhausted. For example, if your total damages amount to $50,000, but the at-fault driver’s insurance policy only covers up to $25,000, your underinsured motorist coverage could help cover the remaining $25,000.
Contact 770GoodLaw-Car Accident Lawyers for Help
Navigating the complexities of insurance coverage after a car accident can be overwhelming. If you have been involved in an accident and have questions about underinsured motorist coverage or any other legal matter related to your accident, don’t hesitate to reach out to us at 770GoodLaw – Car Accident Lawyers. Our experienced team is here to help you understand your rights and options. Contact us today at (770) 409-1529 for a free consultation.
Remember, it’s important to review your insurance coverage regularly and make sure you have adequate protection in place. Underinsured motorist coverage is just one aspect of a comprehensive insurance plan that can help protect you and your loved ones in the event of an accident.
