AUTO INSURANCE ARTICLE
What is the Definition of Uninsured Motorists Coverage For Auto Insurance?
By: mindifThe Definition of Uninsured Motorists Coverage for Auto Insurance
Uninsured motorists coverage is a type of insurance that protects an insured in the event that he or she is involved in an accident which is caused by another party who does not have insurance. This coverage will pay for damages to the vehicle, and in some policies, bodily injury. For example, an insured is rear ended by another vehicle. The insured has damages to the vehicle as well as their person. The driver who caused the accident is at fault and does not have insurance. The insured can claim against the uninsured motorist portion.
What If I Don't Have Uninsured Motorists Coverage?
When one is in an accident and does not have uninsured motorists coverage, he or she would need to file the claim under the collision section of the policy if his or her policy contained this coverage. Collision coverage normally carries a deductible, which needs to be paid before the insurance company pays any damages. Therefore, uninsured motorists coverage is protecting an insured party from having to pay any damages when an uninsured driver hits him or her.
What If I Don't Have Uninsured Motorists or Collision Coverage?
In addition, many people do not carry collision coverage on their policies because it is not mandated and can be expensive. Therefore, if an insured was involved in an accident with an uninsured motorist and did not have collision coverage, he or she would need to sue the at fault driver or would be responsible for all damages to the vehicle. Therefore, uninsured motorists coverage is a beneficial and important aspect of any insurance policy.
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