Uninsured Motorist vs. Uninsured Motorist Property Damage
Do You Have the Right Insurance Coverage?
How many of us have taken the time to carefully read through our insurance policies? Unless you work in the industry, it’s likely that you skimmed over it, took your agent’s word for it, and thought you were covered against all sorts of perils.
Unfortunately, most people will see a little line on their insurance that shows they are covered against uninsured and underinsured motorists. What they don’t realize, is that coverage may not be quite what they expect it to be.
What is Uninsured Motorist Insurance?
Uninsured Motorist insurance currently isn’t required for drivers in Montana. But if you sit down with any insurance agent, they are all going to recommend it, along with its counterpart Underinsured Motorist insurance. For just a few dollars a month, it’s definitely something that you want to look into having on your policy.
Many insurance companies have changed the name of this coverage slightly to reflect more accurately what it is. Most will now call it Uninsured Motorist Bodily Injury insurance. That’s because this coverage doesn’t pay to fix your vehicle if you’re hit by someone without insurance. It pays your medical bills, loss of wages, or a settlement to your heirs if you’re killed. As far as getting you a new vehicle, your collision coverage should pay out… unless you don’t have collision coverage on your rig.
What is Uninsured Motorist Property Damage Insurance?
If you want to protect your vehicle against the approximately 10% of people who don’t have auto insurance but are still driving in the state of Montana, there’s an additional coverage that you can add on to your policy. The coverage, similarly named, has “Property Damage” instead of “Bodily Injury” on it. Of course you will still want to have both.
Uninsured Motorist Property Damage insurance will protect your personal property against those that don’t have insurance. When you are not at fault, and you’re hit by someone without adequate insurance coverage, this portion of your policy will pay to have your vehicle repaired or replaced. Each company has different stipulations, there are varying limits of liability, and some exclusions, so be sure you talk to your agent to ensure that you’re getting the right insurance.
What if You’re Hit without this Coverage?
But there’s one big question remaining. Most people don’t carry the property damage portion of their uninsured motorist coverage. So what happens if you are hit by someone without insurance, and you don’t have your own vehicle protected?
There are only a couple of options. You could hope that the other driver will do the right thing and pay for your damages out of pocket. But if they’re too cheap to buy the required insurance, it’s unlikely they will be willing to pony up the cash to fix your vehicle. The other option is to file a lawsuit against them. But again, if they don’t have the money, a court order isn’t going to make that money magically appear. It could take many years of a restitution plan for you to even get a small portion of your loss covered.
A & D Auto Body is Your Auto Body Repair Shop in Bozeman
Here at A & D, we want the repair process to be as easy as possible for you. So we recommend that you get the proper insurance coverage, so if something terrible does happen, you have one less worry when it comes to having your vehicle restored to factory safety protocol.
We repair all makes and models are our shop. If you’re ready to get the repair process started, give us a call at 406-586-7791.