3 Facts on Uninsured Motorist Coverage

Uninsured motorist coverage is an important part of your car insurance plan. Here are three facts you should know about it:

1. Stacked vs. Unstacked

There are two forms of "UM" coverage, stacked and unstacked. Stacked uninsured motorist coverage is when you have multiple cars on your plan, which will increase your coverage. Of course, adding more cars means stacked is more expensive. However, it makes sense to stack if you can afford it. Unstacked means it is only one car, and you can only collect for that one car.

2. Uninsured Drivers

The fact of the matter is that there are many drivers out on the road that do not carry auto insurance. Although all 50 states require it, statistics show that one in every five drivers are driving with either no insurance, or an insufficient amount of coverage. This is very dangerous for the other drivers out there. If you are in an accident with one of these drivers, you are out of luck. You will need to have uninsured motorist coverage on your plan if you wish to recover any damages from the accident.

3. Other Advantages

There are some added benefits that may not be apparent on the surface. With UM coverage, you can also get UM property damage. This is good for collision coverage, and in case any property gets damaged due to the accident. You will not have to pay for those repairs. Another one is bodily injury protection. Even if you aren't driving, and get hit by a car, you can be covered (if you are a pedestrian). They will not only cover the medical bills, but also cover lost wages.