What is Uninsured or Underinsured Motorists Coverage?
These are parts of a standard “full coverage” insurance policy. If the person who hits you has no insurance, then your “Uninsured” policy will pay for your injury up to the amount of your policy. For example, if you have a minimum limits policy (you shouldn’t—we’ll talk about that later) then you may be able to recover $20,000 or more from your own carrier (if your injury merits that amount). If the party that injures you has too little insurance to pay the full amount of your damages, then you can claim through your “Underinsured policy” for the remainder of your loss up to the policy limits. For example, if you suffered a $50,000 injury and the person that hit you only had $25,000 policy limits, then you could claim the remaining $25,000 against your policy (providing that your limits are that high).
