What is uninsured motorist coverage and do I really need it?

Uninsured motorist coverage is a type of insurance policy designed to protect you in the event that you are involved in a car accident with a driver who does not have insurance or whose insurance is insufficient to cover the damages that occur.

In many jurisdictions, uninsured motorist coverage is mandatory, meaning that you are required by law to purchase a minimum level of coverage in order to legally operate a vehicle. In other jurisdictions, uninsured motorist coverage is optional, but it is strongly recommended that you purchase it as an extra layer of protection.

There are a number of reasons why uninsured motorist coverage is important. Firstly, it helps to ensure that you are properly compensated for any damages or injuries that you suffer in an accident caused by an uninsured driver. Without this coverage, you may be on the hook for expensive medical bills, vehicle repair costs, and other expenses that can quickly add up.

Additionally, uninsured motorist coverage can also provide coverage for hit-and-run accidents, where the at-fault driver flees the scene and cannot be identified. This can be particularly important in cases where the driver is never found, as it provides a way for you to seek financial compensation even when the other party is not present.

It is always a good idea to consult with a licensed attorney in your jurisdiction to determine what types of insurance coverage are required by law and what additional coverage may be recommended. While uninsured motorist coverage can be a valuable asset, it is important to understand that there may be limitations or exceptions to this type of coverage, such as specific monetary limits on the amount of coverage available or a requirement that the accident occur within a certain geographic area.

If you are considering purchasing uninsured motorist coverage, it is important to carefully review your policy and to understand the terms and conditions of the policy, as well as any limits or exclusions that may apply. In some cases, it may be necessary to seek legal advice or assistance in order to fully understand your rights and options under the policy.