What is Uninsured Motorist Insurance?
Uninsured Motorist Insurance, also known as UM insurance or bodily injury liability insurance, is a type of auto insurance policy that covers damages to other parties in the event of an accident. In many states, drivers are required to carry this type of insurance, unless they can prove they have no fault in the crash.
Why is it Important?
Having UM insurance can be a lifesaver if you're involved in an accident and your own vehicle is damaged or destroyed. It also protects other parties who may be harmed, even if they were partially at fault for the crash.
How Does it Work?
UM insurance typically covers damages to all parties involved in an accident, including yourself. You can file a claim with your insurance company to get compensation for medical expenses, lost wages, and other damages.
Key Facts
- Most states require drivers to carry UM insurance, unless they can prove no fault in the crash.
- UM insurance can provide coverage even if you're found liable for the accident.
- The cost of UM insurance varies depending on factors such as age, driving record, and location.