Many insurance policies include both uninsured and underinsured motorist coverage together. According to the Friedman, Levy, Goldfarb & Green, P.C. website, "New York State law requires that all automobile insurance policies include uninsured and underinsured motorist coverage." The insurance company can draft the policy with uninsured and underinsured items having separate premiums. In addition to homeowners and automobile coverage, a consumer can purchase an "umbrella" policy to provide additional protection including uninsured and underinsured motorist coverage. An umbrella policy for $1,000,000, for example, could protect the insured in situations where an accident claim exhausts the uninsured and underinsured limits of the automobile policy.
Is Uninsured and Underinsured Motorist Coverage Covered in the Same Policy?
January 3, 2011
When Is Uninsured Motorist Coverage Necessary?
What Does Underinsured Motorist Coverage Cover?
Pros and Cons to Underinsured Motorist Coverage
Differences Between Uninsured and Underinsured Motorist Coverage
What is the Purpose of Stacking Uninsured Motorist Coverage?