Uninsured & Underinsured Coverage - UIM - Auto Insurance that is a necessity
Posted Thursday, July 29, 2021 by Ed Harper
Uninsured & Underinsured Coverage - UIM - Auto Insurance that is a necessityRecently in our office we have been reminded of how important uninsured/uninsured(UIM) motorist coverage is for protecting oneself financially stemming from the effects of a motor vehicle crash. Our client was injured through no fault of his own by an uninsured driver who crashed head-on into his vehicle. The other driver was clearly at fault and driving negligently. Our client had no other resources than the UIM coverage he had purchased on his own automobile insurance. The medical bills were quite large and due to poor health insurance coverage, the funds from the minimum limits UIM coverage barely covered his medical bills he incurred. The blessing in this however is the fact he had obtained the UIM coverage, or he would have had no ability to recover and pay for these bills. Studies have shown here in the State of Washington, according to a leading insurance company in Washington, 17.4% of all motor vehicle collisions were the fault of uninsured drivers. Thus, there is almost a 20% chance the collision you or your loved one will be or may have been in will be caused by an uninsured driver. This percentage has risen through the years in Washington even though the State Legislature in 1963 made it mandatory for one to have automobile insurance.UM or UIM coverage is important, and our state legislature has written the law in a manner which supports the courts to find coverage. Any question of coverage goes with the insured person. Then, when the claim is made to the insurance carrier, the UIM carrier steps into the shoes of the at-fault driver and takes on the responsibility for compensating the injured person as if the at-fault driver was settling the claim. (The insurance carrier will have claims against the at-fault driver if they desire to re-coup the money they have to pay out.)Further, with insurance limits of $25,000/$50,000 in Washington, the Underinsured Motorist benefits will often be necessary to provide full compensation. The UIM coverage stacks on top of the at-fault insurance policy in order to obtain complete relief for the injuries. Making these claims is often necessary as the cost of health care and costs related to personal injury claims continue to rise for the injured person.When making a UM/UIM claim, one can recover for these medical expenses, wage loss and other expenses and the UIM coverage protects you financially for these unforeseen circumstances.This coverage is not mandatory but highly encouraged. The amount varies depending on the coverage you would like to purchase. However, typically one has the same amount of UIM coverage as the amount of liability coverage one has on their policy.The bottom line is - When one is injured in a collision caused by a person without insurance, or is underinsured, Uninsured (UM) and Underinsured (UIM) Motorist Coverage may be the only avenue to recoup your losses.
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