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Truckers Uninsured Motorists Coverage Explained

This coverage protects you in case you are involved in an accident with a person not covered by a liability insurance or does not possess sufficient liability insurance to disburse for the injuries and damages caused. There are different options available on Uninsured Motorist coverage and these vary in each State. These include the coverage options, mandatory requirements and the available coverage limits.

If you seek for uninsured motorist coverage, our licensed agents can assist you to determine the options available and which options are right for your business. Generally and depending on each State, the Uninsured Motorist coverage may be in three separate policies and these are;
• Uninsured Motorist insurance Coverage (UM/UMBI)
• Underinsured Motorist insurance Coverage (UIM)
• Uninsured Motorist Property Damage Coverage (UMPD)

Uninsured Motorist Coverage (UM) Defined
This policy is also referred to as Uninsured Motorist Bodily Injury insurance coverage (UMBI) and it covers the damages that are caused by a driver who is uninsured. Similarly, Uninsured Motorist insurance (UM) also covers you and your passengers against damages and injuries sustained from a hit-and-run incident. The expenses that are covered by the UM coverage are:

• Wage loss when you are out of work.
• Medical expenses.
• The pain and agony you go through.

Underinsured Motorist Coverage Insurance (UIM)
This coverage compensates for the injuries and losses that are caused by a driver who has insufficient or little insurance cover to meet compensations of all injuries. Some States incorporate UIM as part of the Uninsured Motorist insurance (UM). This coverage takes care of expenses that arise from the following:

• Wage loss when you are out of work.
• Medical expenses.
• The pain and agony you go through.

Uninsured Motorist Property Damage Coverage insurance (UMPD)
This type of coverage covers the damages that are caused by an uninsured driver to properties. In the same way, the Uninsured Motorist Property Damage coverage may also cover the damages that are caused in your vehicle by a hit-and-run driver. The scope of the coverage may also include personal property and your car but this may depend on the State insurance laws. In addition, this coverage policy is not offered in all states.

Who Should Take the Uninsured Motorist Coverage?
This coverage is optional in some states and a mandatory insurance in others. You can contact and talk to our licensed representatives to determine whether your state requires you to take this coverage. Although your state may not require you to have this coverage, it is strongly advised that you add this coverage in your commercial auto insurance.

Statistics show that about 15% of drivers on the road do not have mandatory liability insurance. This means that if these drivers are involved in an accident and you are injured or your car is damaged and property is damaged, there may be no insurance company to compensate you for the injuries and damages. This subjects you to incur the cost of the damages, but if you have Uninsured Motorist coverage, you can easily get compensated for the eventualities.

It is also common that some drivers have no enough coverage that can cover all the damages and injuries caused and therefore if the at-fault driver is not able to pay for the damages out of his or her pocket, this means that you have to bear the cost. But is you have Underinsured Motorist coverage, you can also get compensated for the damages and injuries caused by a driver at fault who does not have sufficient insurance cover for the same.

The Underinsured Motorist coverage is included in the Uninsured Motorist coverage in some states. In essence, the Underinsured coverage enables you to protect yourself from paying large amount of money from injuries and damages caused by a driver at-fault.

Uninsured Motorist Insurance: Limits and Other Coverage Information

There are limits you can select when choosing Uninsured Motorist coverage and these enable you to establish the maximum amount of coverage that your insurance company pays in terms of compensations.

In both Uninsured Motorist coverage and Underinsured Motorist coverage, the limit you choose determines the maximum amount of payout you get from this coverage. In either coverage, you can choose from split limit or combined single limit. When you choose the split limit, the first number describes the maximum compensations per person and the second number describes the maximum payout per accident.



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