What is uninsured/underinsured motorist coverage?

Uninsured/underinsured motorist coverage, often referred to as “UM/UIM,” is an important type of insurance coverage for those living in New Jersey. UM/UIM coverage helps protect drivers from financial losses they may suffer in a car accident caused by an uninsured or underinsured motorist. Uninsured motorist coverage will provide coverage for medical bills and other expenses that result from an accident caused by a driver who has no insurance. Underinsured motorist coverage provides coverage when the other driver has insurance, but not enough coverage to cover all of the losses the accident caused. In New Jersey, all insurance companies must offer UM/UIM coverage to their customers. This coverage can be declined, though it may be wise to keep it in order to cover any losses that would otherwise be impossible to recover. UM/UIM coverage can help cover medical bills, pain and suffering, lost wages, and other expenses that result from an accident. It is important to select your UM/UIM coverage limits carefully, as the coverage is limited to these limits. It may be possible to increase these limits for additional protection. In summary, UM/UIM coverage is a type of insurance coverage offered in New Jersey that helps protect drivers from financial losses caused by uninsured or underinsured motorists. This coverage can help cover medical bills, lost wages, and other expenses that result from the accident.

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What is uninsured/underinsured motorist coverage?

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