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Uninsured/Underinsured Motorist (UM/UIM)
What is Uninsured/Underinsured Motorist (UM/UIM) Coverage?
Uninsured/Underinsured motorist (UM/UIM) coverage can cover the cost of medical care for you and your passengers if you are struck by a driver who is deemed to be at fault but does not have insurance or has insufficient coverage. Both coverages are optional in Florida but requires a signature stating you are declining the coverage. Both coverages are mandatory in many states and highly recommended for all drivers. If you are the victim of a hit-and-run accident, you can file a claim against your uninsured motorist coverage.
What does Uninsured/Underinsured Motorist Insurance Cover?
If you are struck by a driver who lacks auto insurance or whose coverage is insufficient, uninsured/underinsured motorist insurance will pay for your injuries, the injuries of your passengers. In Florida Bodily Injury coverage is required to have UM/UIM and UM/UIM can’t exceed the Bodily Injury liability limits.
Do I need Uninsured/Underinsured Motorist Coverage?
Uninsured motorist coverage, or UM coverage, is not required in every state. Even while your state may not mandate UM coverage, driving without it carries a significant risk. The Insurance Information Institute reports that 13% or so of drivers nationwide do not have auto insurance. In certain states, more than 20% of drivers lack insurance.
If you are involved in a collision with an uninsured or underinsured driver and you are hurt, you may have to pay for your own medical expenses and vehicle repairs if you do not have uninsured motorist coverage. You might have a high collision deductible or insufficient medical payments or personal injury protection to cover injuries to you or your passengers, even if you submit a claim under your own policy.
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