The Information Resource For Accident Victims In Pennsylvania

Uninsured/Underinsured Motorist Coverage

The next time you buy motor vehicle insurance, consider the following: 1 in 7 American drivers are uninsured (according to the 2011 estimates from the Insurance Research Council).

Insurance companies are not pushing for you to buy uninsured or underinsured motorist coverage because the low premium the public pays for it proves costly for insurance companies down the line.

What this means for you-
There are many misconceptions about auto insurance, and the majority of people purchasing coverage are uninformed or unaware of the risk they are taking by not buying the uninsured/underinsured coverage.

According to Michael Barry, vice president of media relations of the Insurance Information Institute:

“With so many uninsured drivers on the road, you definitely want to be protected– and in some states, uninsured motorist coverage is mandatory. It reimburses you (up to the policy limits) if you’re the victim of a hit-and-run or uninsured motorist. The underinsured coverage kicks in if an accident is caused by a driver with insufficient insurance to pay for your loss. In addition, these policies usually protect you if you’re hit as a pedestrian.”

Purchasing uninsured and underinsured motorist coverage is the best way to protect yourself from paying out-of-pocket expenses for an accident you did not cause. Insurance agents will not try and get you to buy uninsured/underinsured motorist coverage. With the risk of 1 in 7 drivers being uninsured, don’t let your insurance agent sell you a policy without it.

Read more from the WSJ here!

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