Category: Underinsured motorist

UM ◊ Uninsured Motorist ◊ Underinsured Motorist ◊ Auto Insurance Coverage ◊ Consumers cutting back on insurance coverage.

In these current economic times many consumers are reducing their automobile insurance coverage. While reducing insurance coverage may mean instant savings, in the long run it’s proving to be problematic for some people. Consumers cutting important coverage like uninsured motorist (UM) coverage places them in compromising situations to face huge monetary losses should they or…

The IMPORTANCE of Uninsured/Underinsured Motorist Coverage

To protect yourself financially against damage or injury from an uninsured (UM) or underinsured motorist (UIM), you must buy adequate amounts of UM/UIM coverage, according to the Insurance Information Institute. A new study by the Insurance Research Council indicates that there is a strong correlation between the percentage of uninsured motorists and the unemployment rate….