What's the Difference Between Uninsured and Underinsured Coverage?
When you purchase automobile insurance it is for your protection. It assists you if you’ve caused an accident and the other driver has been hurt and medical bills need to be paid. It also has other benefits to you as well. But who protects you from the driver who doesn’t insurance or too little to cover your own injuries and medical bills? In these types of scenarios, this is where uninsured and underinsured motorist coverage is the right choice for your insurance needs. Under your insurance policy, uninsured motorist coverage allows you to receive compensation from your own insurance company when the other driver who hit you doesn’t have any insurance at all. You won’t be out thousands of dollars to pay for your own hospital stays, prescriptions, doctor visits or lost wages. And on the same note, underinsured coverage helps you when that other driver doesn’t have enough insurance to cover your costs. Maybe their insurance plan only covers $10,000 of your bills, but your injuries equal up to $100,000. How do you make up the rest of those costs? With underinsured motorist coverage. It’s important when purchasing these types of insurance that you get a lot of coverage. These policies are in place to protect you in a bad situation and you need enough coverage to do that, no matter what the injuries are. Watch the video now to learn more.
If you have legal questions, I want you to call me at (855) 880-8163 I welcome your call. Kalfus & Nachman has offices in Norfolk, Newport News, and Roanoke Virginia. Also serving Northeastern North Carolina.