How It Works and Where to Get UM or UIM
If you are hit by an uninsured or underinsured driver, UM or UIM auto insurance acts as a supplement to both yours and the other driver’s current policy limits. Once current limits are exhausted for repairs, medical expenses, and property damage, the UM or UIM kicks in to cover the rest.
To get help for uninsured autos, call your auto insurance agent to find out first if you already have the coverage or read your current policy. If you don’t have UM or UIM coverage, ask the broker to offer you a quote on how much your current policy would increase once you obtain the coverage.
Keep in mind that if you finance a new or used vehicle, meaning you have a lienholder, some financial institutions require UM or UIM to protect their interest in the vehicle. This often depends upon the current coverage you have, which the financial institution will review prior to requesting UN or UIM coverage.
Finally, to ensure you’re safe in case you need help for uninsured autos, find out if your state even requires UM or UIM. Even if it doesn’t, it’s best to obtain the coverage because it’s affordable and can save you from spending personal money in case of an accident with an uninsured or underinsured motorist.