Here’s what you need to know about underinsured motorist insurance.
As a driver, you probably know that there are certain types of insurance coverages that you are required to carry. However, you might be surprised to know that there are a wide variety of optional coverages that are also available to you. One of these coverages is underinsured motorist insurance. But what is this insurance and what can it do to protect you? Here’s what you need to know.
What is it?
Underinsured motorist insurance is a type of coverage that helps you cover your medical expenses and repair costs after getting into an accident with a driver who is not carrying enough insurance to address these costs. This type coverage kicks in when the underinsured driver is at fault for the accident.
What does it cover?
Underinsured motorist insurance generally consists of two types of coverage: underinsured motorist bodily injury coverage and uninsured motorist property damage coverage. The first type of coverage addresses the medical costs that you might rack up following an accident with an underinsured driver. The second type of coverage helps you pay for the repairs you might need after the accident. Keep in mind that property damage coverage is not available in every state, so speak to a local insurance agent to find out what coverages are available to you.
Why is it important?
Usually, if another driver is at fault for an accident, their liability insurance will cover your medical bills and repair costs. However, if the at-fault driver does not have insurance, you might be left to cover these costs on your own. Underinsured motorist insurance is designed to specifically fill this coverage gap, ensuring that you do not have to pay for another driver’s irresponsibility.
This is what you need to know about underinsured motorist insurance. Interested in getting this type of auto coverage? Then contact the experts at Randy Jones Insurance Services in Pleasanton, California. We are ready to get you covered today.