What is Uninsured or Underinsured Motorist Coverage, and Why Do I Need It?

Uninsured motorist coverage specifically helps if a driver who doesn’t have insurance causes an accident and leaves you with injuries.

Similarly, underinsured motorist coverage helps protect you from expenses due to a crash caused by a driver who doesn’t have enough insurance to cover the cost of injuries you suffer.

But why do you need it? One in seven drivers is uninsured or underinsured, according to the Insurance Research Institute. If one of those drivers were to cause an accident, and you were hurt, you could be left with a high bill. You may also lose time at work, which depending on your situation could also mean lost wages.
That’s a big ouch not only for you, but for your wallet – all because of something someone else caused.

That’s why it’s important to know if you have uninsured or underinsured motorist coverage and what the limits are on your policy. Even though your injuries aren’t your fault, your insurance can help make you whole again with the help of uninsured/underinsured motorist coverage.

How much insurance do you need? An ERIE Agent can help steer you in the right direction. Find one at www.erieinsurance.com.

ERIE® insurance products and services are provided by one or more of the following insurers: Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Property & Casualty Company, Flagship City Insurance Company and Erie Family Life Insurance Company (home offices: Erie, Pennsylvania) or Erie Insurance Company of New York (home office: Rochester, New York). The companies within the Erie Insurance Group are not licensed to operate in all states. Go to erieinsurance.com for company licensure and product details.

October 19th, 2015 by Slagel Insurance