Please tell me the difference between Uninsured and underinsured Motorist coverages?
Uninsured Motorist Coverage is usually required by state law. It will pay for your damages (usually bodily injury and property damage) if you are struck by another driver who is at fault and has failed to have insurance at the time of the accident or who flees the scene of an accident without identification. In other words in most states even if your car is hit while parked and unoccupied by an unidentified vehicle you can usually repair your vehicle under Uninsured Motorist Property Damage Coverage after payment of your deductible. Underinsured Motorist Coverage is usually an option that, if purchased, will provide coverage to you if you are struck by someone who is at fault in the accident and has caused you damages in excess of what their policy covers. For example you have an accident and suffer a compound leg fracture and end up in the hospital for 2 weeks and then need 3 months of physical therapy, suffer lost wages, etc. and the at fault party has minimum limits of $25,000 per p
