There will be some cases where you will encounter cases where the other driver is either under insured, meaning that his insurance is not enough to repair the damage done to you, your vehicle or your property, or he may not even have any insurance at all. In these cases, there are steps that you can take to make sure that you still get full coverage for damages regardless of the other person’s insurance coverage. These are a number of uninsured and underinsured motorist coverage that you can avail of.
Uninsured Motorist Bodily Injury
Uninsured motorist bodily injury covers you and insured members of your family and your passengers from physical/bodily injuries or death that was caused by (and proven to be the fault of) an uninsured driver. This insurance also covers hit-and-run cases. Your company will cover all medical expenses within the limit of your policy.
Underinsured Motorist Bodily Injury
Underinsured motorist bodily injury covers you and insured members of your family and your passengers from physical/bodily injuries or death that was the fault of another driver. If the person does not have sufficient insurance to cover the damages, your insurance will be able to close the gap for you depending on your policy. Any amount beyond the limits of your policy will be paid by you, so it is also a good idea to purchase health insurance.
Uninsured Property Damage
Uninsured property damage covers your vehicle when you sustain property damage and the person at fault does not possess insurance. This can be a good alternative to vehicle owners who do not posses any collision coverage but remember that this does not replace the benefits of collision coverage because uninsured property damage can only cover you if the accident was caused by a driver WITHOUT any insurance.
Underinsured Motorist Property Damage
Underinsured property damage covers your vehicle when you sustain property damage caused by another vehicle that does not have enough insurance to cover all damages. Your insurance will be able to pay an additional fee to make up for the underinsured. Although it is always a good thing to have underinsured policies, it is not a good advice to rely on them, solely because underinsured policies do not pay enough for complete repairs by itself. Another reason why to not rely on them is because its policy relies on the negligence of other drivers to purchase insurance.