The main purpose of uninsured motorist insurance is to provide financial protection for drivers who are involved in an auto accident and do not have adequate insurance coverage.
Uninsured motorist insurance typically covers damages to the driver's vehicle, medical expenses, lost wages, and other related costs. It usually has a higher deductible than standard auto insurance, which means the policyholder must pay a certain amount of money out-of-pocket before they can file a claim.
What Does Uninsured Motorist Insurance Cover?
- Damages to the driver's vehicle
- Medical expenses for occupants and passengers
- Lost wages due to missed work or school
- Other related costs, such as repairs or replacement of property damaged in the accident
In an auto accident with an uninsured motorist, the driver can file a claim with their own insurance company. The insurance company will investigate the incident and determine liability for damages. If found liable, they will pay out to the insured parties.
Some key things to note about uninsured motorist insurance are:
- The deductible is usually higher than standard auto insurance
- The coverage limits may be lower than what you would get with standard auto insurance
- It's essential to shop around and compare rates from different insurance companies before purchasing uninsured motorist insurance.
