What is uninsured/underinsured motorist coverage?

Uninsured/Underinsured Motorist Coverage (UM/UIM) is a type of insurance coverage available in the state of Minnesota. It is designed to provide financial protection for individuals who are injured in an accident caused by an uninsured or underinsured driver. UM/UIM coverage helps to protect you financially in the event that an accident is caused by another driver who does not have the required insurance. This coverage will pay for your medical bills, lost wages, and pain and suffering if you are injured in an accident due to an uninsured or underinsured driver. In Minnesota, all insurance companies are required to offer UM/UIM coverage. The state also requires that all insurance companies disclose the amount of coverage they offer, which must be made clear to the consumer when they purchase a policy. UM/UIM coverage is optional, meaning that it is not required by law. However, having this type of coverage can be beneficial in the event of an accident caused by an uninsured or underinsured driver. If you choose to have this coverage, it is important to make sure that you purchase enough coverage to adequately protect yourself in case of an accident.

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What is uninsured/underinsured motorist coverage?

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