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Posted by on Aug 10, 2016 in Uncategorized | 0 comments

Understanding The Basics of Uninsured Motorist Coverage

Auto insurance can help you get coverage in case of accidents. Your policy will save you from the huge expenses associated with auto accidents. But what if the other driver who got involved in the accident does not have insurance coverage? According to estimates by the Insurance Research Council, 1 in every 7 drivers does not have insurance. This is in the light of the fact that such accidents can mean significant costs if the uninsured driver was deemed at fault.

The website of Zavodnick, Zavodnick & Lasky, LLC, revealed that most insurance companies now offer uninsured motorist insurance. While some drivers do not have any coverage at all, others carry only the minimum cover required by their state. In most instances, this is not enough to shoulder the medical bills for injuries. This is called underinsured motorist coverage.

Uninsured/Underinsured motorist coverage shoulders medical costs as well as damages to your car or other properties caused by an uninsured driver. But what does this type of insurance cover? Typically, this kind of policy will provide coverage for bodily injuries. It will cover you as well as your passengers for medical expenses, pain and suffering, and lost wages. It also provides coverage if you are a victim of a hit-and-run accident.

Uninsured motorist insurance have a set minimum coverage limits and it is recommended to choose higher limits.

Split Limits

In most instances, your insurance coverage will differ if there is one person injured versus multiple people injured.

Combined Single Limits

You also have the option to purchase a combined single limit policy which is a single amount that your carrier will cover for all bodily injuries.

Property Damage Coverage

Property damage is usually not required and not offered at all in most states. However, if it is offered consider purchasing it as it can free you from significant expenses usually associated with property damage.

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