When understood correctly, many drivers view uninsured motorist coverage in PA as an important part of an auto insurance policy and a valid investment. If you are in an accident caused by another driver and you suffer significant losses as a result of your injuries, and the person that hit you does not have the right type of auto insurance coverage, does this mean you have to pay out of pocket for the accident you did not cause? It could, unless you have uninsured motorist coverage.
What Is Uninsured Motorist Coverage?
Uninsured coverage can be added to an auto insurance policy. This insurance protects you, the driver, when someone else causes injury to you or your passengers as a result of an auto accident and that person does not have liability insurance. In some states, it is a required investment. In Pennsylvania, insurance companies must offer uninsured motorist coverage to drivers seeking auto insurance. Although higher limits must be offered, the minimum limits offered are $15,000 per person and $30,000 per incident under this coverage. Across the state, this coverage is not mandatory, but you must sign a form to waive this requirement.
Although it is required under law for individuals to maintain liability insurance, some people do not do so. When an accident occurs like this, you may be faced to pay thousands of dollars for a problem you did not cause.
Will Your Other Insurance Help?
If your auto policy lists collision coverage on your vehicle, damage to your own vehicle is covered, regardless of who is at fault in the accident. First party medical expenses coverage pays for your medical bills up to the limit of your policy. If the medical expense limit is exceeded, uninsured motorist coverage can offer help with excessive injury-related expenses, and offer additional coverage that bodily injury liability coverage from the other driver normally would offer.
It can cover:
- Your lost wages from being unable to work
- Excess medical bills for you and other passengers in your car
What About a Hit and Run Incident?
A hit and run incident occurs when your vehicle is involved in an accident with another vehicle and the driver of the other vehicle flees the scene. You do not have their information. You do not have a way to file a claim for the loss they caused to you. Uninsured motorist coverage can help you here, too. This coverage may cover the injury-related expenses caused by another driver in a hit and run incident.
What Do You Need?
As a driver, it is important to take steps to protect yourself on the road. This means carrying auto insurance for your specific vehicle’s protection, such as comprehensive coverage and collision insurance. However, you also need to take steps to protect yourself from other drivers. This is when uninsured motorist coverage is necessary. It is often sold alongside underinsured motorist coverage a coverage that applies when the other driver has some bodily injury liability coverage, but it is not enough to meet the expenses caused by the injuries you sustain. You can also read about gap insurance and other coverage types here.
If you are ready to consider the value this type of policy can offer, request a quote and see just how affordable it can be. Most of the time, uninsured motorist coverage is affordable, allowing you to easily obtain this type of protection without risk to your budget. It may be a requirement in the state you live in as well.
Call 855-993-4470, get your free quote online, or find an agent to see how we can help you with loan or lease gap insurance in New Jersey. If you need additional information it can be found on our Contact Us page.