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Around 20 states require UM/UIM, with coverage typically matching your liability limits — which means if you have $50,000 in liability coverage, you'd get up to $50,000 in uninsured motorist ...
UM/UIM coverage limits must match bodily injury liability limits. So, beginning Jan. 1, you must have at least $30K per person and $60K per accident if you purchase UM/UIM coverage.
Insurance Law columnist Jonathan A. Dachs presents a brief survey of recent developments in the area of Uninsured Motorist, Underinsured Motorist, and Supplementary Uninsured/Underinsured Motorist ...
Uninsured/Underinsured coverage, also known as UM/UIM, provides coverage if an at-fault party either does not have insurance, or does not have enough insurance. In effect, the insurance company pays the insured medical bills, then would subrogate from the at fault party. This coverage is often overlooked and very important.
Although not exclusive, this coverage is typically added to an automobile insurance policy. In the event of a qualifying accident, the insurance company pays the difference between what the uninsured driver can pay and what the injured driver would be entitled to as if the uninsured motorist had proper insurance. [1]
Additionally to extending the insurance coverage territorial scope such systems have the benefit for motorists to avoid the need to obtain insurance cover at each of the frontiers of the countries which they visit. There are multiple motor insurance systems around the world, established on regional basis. The first was the Green Card system ...
Without uninsured motorist coverage, you could be forced to pay for your medical bills and vehicle repairs if the at-fault driver is unable to do so. Uninsured motorist coverage typically comes in ...
The study focused on first-party claims by drivers against the uninsured/underinsured motorist insurance coverage (UI/UIM) in their own insurance policies, and compared outcomes between states which did and did not allow first-party bad faith claims in those timeframes. The researchers found that "tort liability for insurer bad faith is ...
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