Why You Need Uninsured Motorist Coverage

  With all the different factors that enter into the automobile insurance purchasing process, it is important for you to be well informed in order to make intelligent decisions. One such decision concerns whether to purchase uninsured motorists (UM) and underinsured motorists (UIM) coverage.car

Uninsured Motorist coverage provides insurance protection for bodily injury, and in some states property damage, caused by a motorist who is not insured. This coverage allows you to collect from your own insurance company as if it provided liability coverage for the negligent and uninsured driver. In contrast, Under Insured Motorist coverage provides insurance protection for bodily injury, and in some states property damage, sustained by you when a motorist who has liability insurance (but is still not sufficiently insured) negligently causes an accident. The following list provides reasons why you should elect UM/UIM coverage on your policy.

• The chance of a negligent uninsured motorist hitting you is greater than you might think. In some states, up to 26 percent of all drivers lack automobile insurance. The countrywide average of uninsured motorists is over 14 percent.

• UM and UIM coverage is broad, since it provides benefits for you and your family members' injuries sustained (a) in your own covered auto, (b) in autos you do not own, and (c) as pedestrians.

• The cost for this coverage is very reasonable, compared to liability coverage and physical damage coverage for your own car. The increased costs for higher UM/UIM limits are quite affordable for most people.

• If your car is damaged by an uninsured driver, the deductible for UM property damage, if available in your state, is normally only $250. This amount is often considerably less than  your collision coverage deductible.

Swingle, Collins & Associates specializes in personal auto insurance coverage. The descriptions of coverages listed on this website are brief and subject to the provisions, limitations, and exclusions that can only be expressed in your policy and related endorsements. For additional information of how Swingle, Collins & Associates can assist in meeting your coverage needs for personal auto insurance, uninsured motorist insurance, or underinsured motorist insurance please contact your dedicated risk manager to discuss the benefits and services of personal auto insurance coverage.

The information contained on this page is provided for informational and educational purposes only. It contains general information on insurance issues and may not reflect the most current developments in insurance coverage and is unlikely to apply in all factual scenarios. The information does not include all the terms, coverages, exclusions, limitations or conditions that may be contained in the actual insurance contract language. The policies themselves must be read for those details. Sample policy forms will be made available upon reasonable request.