Why do you need uninsured motorist coverage?
It’s something we all hope never happens, but unfortunately, cyclists can be seriously injured by drivers who don’t have insurance or only have minimal coverage. In some states, the minimum liability insurance required by law is as low as $10,000, which may not be enough to cover serious injuries. Additionally, there are hit-and-run accidents where the driver cannot be identified at all.
In these situations, your uninsured motorist (UM) coverage can provide critical protection. It helps cover your medical expenses and other damages when the at-fault driver doesn’t have enough insurance or no insurance at all. This type of coverage acts as a safety net, ensuring you’re not left financially responsible for an accident that wasn’t your fault.
How it works
Let’s say you have $100,000 in UM coverage on your auto policy. If you're involved in an accident with a driver who only has $10,000 in bodily injury liability coverage, you can first receive $10,000 from the at-fault driver’s insurance. Then, your own UM coverage would step in to cover the remaining $90,000. This way, your personal auto insurance helps fill the gap when the other driver's coverage is insufficient.
However, if your UM coverage limit is only $10,000, you won’t be able to recover more than that, even if the damage is higher. The key point is that UM coverage can’t be combined with other policies, so having adequate limits is essential.
The good news is that UM coverage is usually very affordable and offers strong protection for a relatively low cost. At Velosurance, we always recommend choosing the highest UM limits you can afford. Your UM coverage might be the only source of compensation if you’re injured in an accident involving an underinsured or uninsured driver.
In some states, you don’t even need to own a car to benefit from UM coverage. If you're a household member and named as an additional insured on a family member’s car policy that includes UM coverage, you can still be protected.
To make a successful UM claim, certain conditions must be met:
- There must be direct contact between you and the vehicle.
- The other driver must be found at fault for the accident.
- A police report must be filed.
If these requirements are met, you can file a claim under your UM coverage to get the help you need.
America's best bicycle insurance
Free instant quote
Hydroform Spout,Hydroform Spout For Basin Tap,Hydroform Spout For Tap,Hydroform Spout For Bathroom Tap
KAIPING LIPU SANITARY WARE CO.LTD , https://www.ebt-pro.com