Worried about being hit by an uninsured driver?
In Virginia, it’s illegal to drive without car insurance. Unfortunately, that doesn’t stop uninsured drivers. So, you need to protect yourself by purchasing underinsured motorist coverage (UIM). Never heard of UIM? Make sure to watch our video and keep reading!
What is underinsured motorist coverage and how does it work?
UIM is car insurance that you buy to protect yourself from uninsured drivers (or underinsured drivers). If you’re hit by such a driver, you can tap into your own UIM policy if you need it. And because it’s a “no fault” policy, it won’t hurt your premiums if you use it.
How do you know how much UIM you have?
Take a look at your insurance summary page (also known as a “declarations page.”) In addition to your liability and property damage insurance, there should be a separate number for UIM coverage. If you didn’t purchase any, or you can’t tell how much you have, get on the phone with your insurance company right away.
How much UIM should you buy?
At Abrenio Law, we recommend purchasing $1 million in coverage. This may seem like a lot, but if you’re severely injured, it will be invaluable to help you and your family if you’re seriously insured by an uninsured driver (or under insured driver). Surprisingly, obtaining $1 million in coverage frequently isn’t much more expensive than purchasing minimal policies. In our experience, we found that increases to $1 million dollars in coverage can be as little as a couple of hundred dollars a year.
But, James, I’m “fully insured,” and have an umbrella policy.
We hear this all of the time. However, we often find that you didn’t purchase exactly what you thought you did. When it comes to being “fully insured,” injury victims are frequently sold minimum policy limits by the insurance companies who inform them that’s all they will need. Insurance agents often push umbrella policies that don’t even have UIM protection! Do yourself a favor and take a look at your policy now! Insurance is like wearing a seatbelt. It only counts if you have it on when a crash happens. Don’t wait until it’s too late.
More questions about your Virginia car accident case? Reach out to Abrenio Law.
Make sure to reach out to Abrenio Law for your Free Consultation. You can call us at Ph. 703-570-4180. To learn more about Owner James Abrenio click here. You can also read his real client reviews here.