4 Reasons Why You Need Uninsured Motorist Insurance

Uninsured drivers are breaking the law. However, this reality does not help you if you are in an accident with an uninsured or under-insured motorist, and the driver does not have the money to compensate you for your loss. You can sue. This does not guarantee you will receive a payment. Uninsured motorist insurance is the coverage that you need in this case.

Uninsured can mean no insurance or not enough insurance.

While technically, an under-insured motorist has legal coverage, it does not always follow that it will be enough to satisfy all of the claims against that policy in the event of a major accident. Uninsured means that the party at fault has no insurance to cover the losses. As a driver, you should consider protecting yourself against both of these possibilities. Fortunately, neither of these types of insurance are particularly expensive. Both types are offered by all car insurance companies.

While most uninsured motorist insurance covers nearly all of the possibilities, it might pay to check your policy for the exact coverages.

Financially, you are covered for the damage to your vehicle if you carry collision insurance. It will pay for your car repairs after the deductible if the other driver cannot pay. However, on the liability side, you need to be covered for injuries that may be sustained by passengers in your car. Uninsured motorist insurance, along with any additional medical coverage that you may have purchased with your policy, will cover this for you.

Without uninsured motorist insurance, your injuries may not be covered.

Generally, people rely on their health insurance plan to pay for any medical expenses incurred because of a car accident. If you have large deductibles or an 80/20 type of co-pay, the out-of-pocket expenses can skyrocket quickly. If you do not have uninsured motorist insurance, you will have to pay for these enormous costs at a time when you may be least able to afford it. The uninsured or under-insured motorist policy will not only pay for your medical bills, but will also kick in for some of your lost wages and other potential expenses that have resulted from the accident.

Your uninsured motorist insurance will also cover you when you are not the driver.

If you are struck by a car while walking down the street, your uninsured motorist insurance will be the way that many of your bills will be paid. In most states, when a car hits a pedestrian, the pedestrian is treated as if he or she was a passenger in the car. If the driver has no insurance, you could owe mountains of money for your injuries. Carrying uninsured motorist insurance on your policy will give you the coverage that you need at that time. If you are a passenger in an uninsured car when an accident happens, your uninsured motorist insurance will cover you in that case, too.