Uninsured and Underinsured Motorist Coverage in New Jersey
What is Uninsured and Underinsured Motorist Coverage?
Uninsured motorist (UM) coverage is paid to you or your family members by your own insurance company, if you are injured by an uninsured car or if you are the victim in a hit and run accident.
Underinsured motorist (UIM) coverage is paid to you or your family members by your own insurance company, if you are injured by a driver who does not have sufficient coverage to pay for all of your injuries. It is included in your UM coverage.
It is quite often the case that those at fault for New Jersey auto accidents do not have sufficient coverage to fully and fairly compensate those who are injured. In such circumstances, UM/UIM coverage protects you and your loved ones. We therefore recommend that you purchase the most coverage available under your policy (that is, an amount equal to the amount of your liability coverage). Incremental increases in UM/UIM premiums are relatively inexpensive, and are well worth the investment.
What is the Verbal or Limitation on Lawsuit threshold?
Different Types of Auto Insurance Policies (advantages and disadvantages)