Being on the road presents a variety of risks. It’s obvious you should have insurance coverage, but is there a certain kind you may be overlooking?
Many people elect to ignore the necessity of uninsured and underinsured motorists’ coverage. However, this is also a critical type of coverage, especially if you’re on the road a lot, such as during a commute. This type of coverage can protect you from unforeseen headaches and financial loss, should you be involved in an accident.
What is it uninsured/underinsured motorist coverage?
If you are involved in an accident on the way to work or in another situation, and the at-fault driver does not have car insurance or sufficient insurance, you can still get your expenses covered. Uninsured and underinsured coverage will pay for costs such as lost wages, medical bills and property loss.
In California, if you don’t have this coverage, it can limit how much you can recover.
If you have this type of insurance, you can get instant compensation, too. Your insurance company may provide you with immediate compensation which will save you the time of going to court and help you move forward with your life.
Uninsured and underinsured coverage also helps you if you are the victim of a hit-and-run and you do not know the identity of the driver.
Different kinds of coverage
The three kinds of coverage in California are uninsured motorist bodily injury, underinsured motorist and uninsured motorist property damage.
Bodily injury pays for injuries from accidents that are caused by uninsured drivers. Uninsured motorist pays for injuries caused by a driver who does not have sufficient insurance coverage to pay for the total damages. Finally, uninsured motorist property damage pays for damage to your car caused by an uninsured driver.
There’s no way to tell if the drivers you’re surrounded by on the road are insured. Uninsured and underinsured coverage is a good way to protect yourself.