What Does Uninsured Motorist Cover and its Benefits
When you are building your motorcycle insurance policy, it is important to build a policy that will cover you in various situations. If you are hit by an uninsured motorist, do you know if your motorcycle insurance policy will cover your medical bills? If you do not currently have uninsured motorist protection coverage, you are not protected against uninsured drivers on the road who fail to comply with mandatory insurance laws. Read on and find out how this coverage works and why you need this coverage for added protection on the road so that you can build yourself a comprehensive insurance policy.
What is Uninsured Motorist Cover?
While some states require Uninsured Motorist, it is typically an optional coverage designed to protect the policyholder and any passengers on the covered bike. The coverage will pay for medical bills designed to treat injuries that are sustained by the policyholder and their passengers if they are involved in an accident with a driver who does not have liability insurance, or does not have enough liability insurance to cover all of the medical expenses. Drivers who are guilty of hit-and-run are also classified as uninsured motorists.
How Much Uninsured Motorist Protection Do You Need?
When you are hit by a driver who does not have insurance, your policy will pay up to the limits stated on the declarations page for medical bills. The limits are stated in a per person and per accident fashion, just like liability insurance. Policyholders who have a choice to purchase UM coverage can choose limits up to their liability coverage limits. The Uninsured Motorist limits cannot exceed the Bodily Injury limits of the policy.
Motorcyclists also have the option to purchase UM Property Damage coverage. This coverage will pay for repairs of the bike, up to $3500, or waive the deductible when the bike is damaged due to a covered loss with an uninsured driver. While damage will be covered if the policy carries collision insurance, repairs will not be covered without UMPD if collision is not on the policy.
Carrying Uninsured Motorist Bodily Injury and Uninsured Motorist Property Damage is recommended for all motorcycle owners. If you own a motorcycle and you are shopping for insurance, make sure you are protecting yourself against drivers on the road that are not complying with the law. By doing this, you have peace of mind in knowing you will not have to pick the pieces up if someone without insurance hits you.
Disclaimer: This is for information purposes only and NOT a recommendation from Mills Insurance. Please contact a licensed insurance specialist to discuss insurance coverage’s and laws.