The Importance of Uninsured/Underinsured Motorist Coverage

March 23rd, 2012 - by DKRPA

In today’s economy, all of us are looking to cut costs where we can. Some choose to decrease the cost of their automobile insurance by lowering limits or rejecting available coverage completely. Others choose to purchase only state required insurance.

In the long run, this may be a costly mistake. Take for instance, the following scenario: You are involved in a traffic crash and the at-fault driver has only a minimum amount of bodily injury coverage or no bodily injury coverage at all. If you purchased uninsured motorist coverage (U.M.) or underinsured motorist (U.I.M.) coverage to your own policy, there will be money available to cover your expenses such as excess medical bills, property damage, lost wages, and pain and suffering, to name a few.

So don’t be penny wise and pound foolish. Check with your insurance agent to make sure you have adequate insurance coverage.