On average, a staggering 6 million car accidents happen in the US annually. The costs associated with these crashes can be astronomical. Where both parties involved in the accident have sufficient insurance coverage, the insurance of the at-fault party will cover the costs associated with the accident. But what happens when the at-fault driver is uninsured? Who pays the cost of damages in that case? This is where uninsured motorist coverage comes in.
What Is Uninsured Motorist Coverage?
Uninsured motorist coverage (UM) is a type of auto insurance that covers damages caused by drivers who don’t have car insurance. This type of insurance will help pay for medical expenses, which are quite common following an accident. It also compensates the insured for lost wages and pain and suffering. If there are property damage costs associated, UM will also pay.
What Are the Benefits of Uninsured Motorist Coverage?
The most obvious benefit of uninsured motorist coverage is protection from financial loss. It ensures that the insured driver doesn’t have to worry about paying for vehicle repairs and medical bills out-of-pocket.
This type of insurance can also provide you with peace of mind in knowing that you have a safety net if the worst should happen. It eliminates stress and anxiety when driving, as you know you’ll have a financial cushion if an uninsured driver causes an accident.
Having uninsured motorist coverage also means fewer disputes between drivers and insurance companies after an accident. Without it, negotiations can become heated and drawn out. With uninsured motorist coverage, however, the process is simple and straightforward.
Stay Prepared With Uninsured Coverage
Having uninsured motorist coverage is an essential part of owning a car and being a responsible driver. It provides protection from financial losses if you’re ever in an accident with an uninsured driver. In addition, it eliminates stress and anxiety when driving and helps keep negotiations with insurance companies simple.
At Quality 1st Insurance, we understand the value of being properly insured. That’s why we offer a variety of insurance policies, including uninsured motorist coverage. Contact us today to learn more.