Uninsured Drivers

Interviewer: What if the other driver does not have insurance?

Dan Hoarfrost: There’s a provision under your own policy that comes into place called uninsured motorist coverage. What that means is exactly what it sounds like. Your own insurance company basically steps in as if they were insuring the other driver. You negotiate and actually you can go to court, if necessarily, with your own company over the damages that are recoverable.

With that, their coverage does not exceed your own liability coverage, or it depends on your own policy as to how much coverage will be available as far as the policy limits. Insurance policies always have a maximum number that are matched that they will payout; that’s called policy limits. In the uninsured motorist situation, the coverage for the other driver that’s provided is just limited by your own policy.

People Often Ignore the Policy Limit when Signing for Insurance.

Frequently, people tend to ignore that policy limit when they sign up for their own insurance; they’re more concerned about liabilities against them. They should always keep in mind that that coverage may come into play, and you’re protecting yourself by providing the higher coverage because that happens frequently that, even though drivers are required to carry coverage by law, frequently people don’t.

Another reason sometimes is just that the other driver has not paid their premiums on time, and the policy just was terminated even without their knowledge. It’s always a good idea to have uninsured motorist coverage on your own policy, and to make sure that the policy limits are sufficient that you would be protected if you got seriously injured.

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