Why You Should Have Uninsured And Underinsured Motorist Coverage

27 May 2018
 Categories: Insurance, Blog

If you are interested in getting a quote for auto insurance, two types of coverage the agent will recommend having are uninsured motorist coverage and underinsured motorist coverage. Both of these types are considered important types of coverage, and you should make sure you get both of them. Here are several important things to know about uninsured and underinsured motorist coverage.

What are these types of coverage?

Uninsured and underinsured motorist coverage are both designed to protect you if you get in an accident caused by a person that either has no auto insurance coverage or that has too little coverage. When a person without insurance or with very little insurance causes an accident, you may have to turn to your own auto insurance company to get the claim paid.

This can be a huge problem if you do not have uninsured and underinsured motorist coverage, simply because the at-fault driver is the one who is supposed to be responsible for the accident. The problem is that if this person's insurance is not enough, you will have to turn to your own company, and the first thing your insurance company will check is whether or not you have these two particular types of coverage.

What are the chances that this could happen to you?

There is actually a good chance that if you get into an accident, it could be with a driver that does not have any insurance or enough insurance. According to recent statistics from 2012, at least one in eight drivers do not have any auto insurance. This means you have a one in eight chance that you could end up in this situation if another party causes a collision with you.

While many states do not require drivers to carry these types of insurance coverage, there are some that do, and you should find out if your state requires it. If it does, then you will need to get it in order to obey the law. If your state does not require that you have this coverage, you should still consider getting a policy. They do not cost a lot compared to the other types of coverage you can purchase from an insurance company, but they will come in handy if you are ever involved in a situation with an uninsured driver.

If you have not updated your auto insurance policy recently, you should contact an agency like Affordable Insurance today to get a free quote for all the types of coverage you need.