Uninsured Motorist Protection
Uninsured Motorist Protection (UMP) is a crucial auto insurance component. It safeguards drivers against accidents involving other drivers without insurance or those who don’t have enough coverage to cover the cost of damages. Experiencing an accident only to find out you must pay for damages that weren’t your fault can be devastating. Therefore, understanding this coverage is essential, especially for those situated around Plymouth, MN.
What is Uninsured Motorist Protection?
Uninsured Motorist Protection provides coverage in case of an accident in which the other driver’s insurance is insufficient to cover the damages. This coverage covers medical bills, vehicle damage, and lost income due to impairment to work.
Why is Uninsured Motorist Protection Important?
Despite legal requirements for drivers to carry auto insurance, many motorists either do not have insurance or only possess the minimum required. Unfortunately, the minimum may not be sufficient to cover significant accident-related costs. Without UMP, you risk substantial out-of-pocket expenses if the other driver’s policy doesn’t cover all your damages. UMP ensures that you are not financially devastated due to someone else’s irresponsibility. It proves particularly valuable when owning a high-dollar car with expensive parts.
Types of Uninsured Motorist Protection
There are generally two types of UMP. Uninsured Motorist Bodily Injury covers medical bills, lost income, and pain and suffering. Uninsured Motorist Property Damage covers the cost of repairs to your vehicle. Some policies might also include Underinsured Motorist Coverage, which kicks in once the at-fault driver’s insurance fails to cover all your damages.
Anchor Insurance Agency LLP is here for you.
Anchor Insurance Agency LLP is here for you when you need insurance information. Our services are available in Plymouth, MN, and the surrounding areas. Visit www.anchorins.com to reach out today.
