Uninsured motorist coverage helps cover expenses when the at-fault driver does not have auto insurance, including repairing damage to the vehicle and treating injuries sustained by the insured driver or passengers. It can also provide compensation for damage to personal property. It is important to have this coverage as uninsured motorists may not have assets to pay for damages.
Uninsured motorist coverage is a type of auto insurance provision that helps cover expenses when the at-fault driver proves he or she does not have auto insurance. Generally, this provision will help pay for the costs of repairing damage to the vehicle and will provide funds to settle the costs of treating injuries sustained by the insured driver or any passenger in the insured vehicle. In some places, the benefits of uninsured motorist coverage will even extend to providing compensation for any damage caused to personal property as a result of the accident.
The scope of coverage provided by uninsured motorist coverage will vary, but most plans will at least address the number of repairs to the injured party’s vehicle. In the event the at-fault driver does not have auto insurance, the insured’s uninsured motorist coverage will cover the costs of making all repairs to the insured vehicle, up to the point of declaring the car a total loss. In either case, the coverage provisions help reduce or eliminate out-of-pocket expenses associated with repairing the damage or allowing the insured party to purchase a replacement vehicle.
It is not unusual for uninsured motorist coverage to provide at least some benefits if medical attention is needed after the accident. This can extend not only to the insured driver, but also to any passenger who was in the insured vehicle at the time of the accident. Depending on the scope of coverage, this may include not only benefits to cover medical expenses, but possibly some additional benefits to help offset lost income if injured parties are unable to work for a period of time.
While more and more jurisdictions are passing laws that require car owners to carry auto insurance that meets basic standards, there are still incidents where uninsured motorists are involved in accidents. Since there’s a good chance those motorists won’t have any assets that could be used to pay for repairs or settle medical expenses resulting from the accident, it’s very important to make sure uninsured motorist coverage is part of the overall auto insurance package. . Generally available at reasonable prices, this particular benefit can be paid for with just one covered event, and provides great peace of mind for the insured party.
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