Thursday, May 23, 2019

Don’t Drive Naked…Get Uninsured (UM) and Underinsured Motorist coverage.(UIM)

Don’t Drive Naked…Get Uninsured and Underinsured Motorist coverage.

Naked Driving...what could this mean? It is not what you think. 
When getting Auto Insurance you may be handed one page to sign and you may not know what it is, but it’s always a bad idea to sign it. The insurance salesman may say it will save you a little money, but signing it could cost you tens of thousands of dollars if you are hit by someone without insurance or someone who doesn’t have enough insurance.
What is Uninsured Motorist  (UM) Coverage and how is it different from liability insurance?
Liability insurance is required by law, and if you CAUSE a wreck, it pays the other driver for the damage to the vehicle and their medical bills. If you only have liability insurance and don’t have UM coverage, and you are hit by someone who doesn’t have insurance, you will be out of pocket for your vehicle damage, your medical costs, and any other costs because of the accident.
UM coverage covers you in case someone hits you without insurance, or with insufficient insurance.
A recent study showed that one in four vehicles are not insured. If one of them hits you and causes damage, you will be stuck with the bill without UIM coverage.
Will you explain the difference between UNinsured and UNDERinsured coverage?
Uninsured Motorist Coverage (UM) covers you, if the driver who caused the wreck, does not have insurance. Underinsured Motorist Coverage(UIM) covers  whatever expenses are above what the other driver’s insurance has. So if the other driver only has $25,000 in coverage. and they cause more than that in damage, then your Underinsured motorist coverage would make up the difference, up to the total amount of coverage that you have.
How much Uninsured Motorist Coverage should you have?
You should always have as much Uninsured Motorist coverage as you do liability insurance. If all you can afford is the 25/50 minimum, you want to make sure you have 25,000 in UM. If you you have 50/100 or 100/300 go ahead and make sure you UM matches that first number.
For more info contact:

Michael Fillers, CPIA, NFIP
Morris Insurance Agency, LLC
3032 Dauphin Square Connector
Mobile, AL 36607

How I met JESUS in the flesh and HE saved me:

Matt 24:46-47-"Blessed is he whom his master will find at work when he arrives. Truly I tell you, he will put that one in charge of all his possessions."
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