What is uninsured/underinsured motorist coverage?

Uninsured/underinsured motorist coverage is a type of insurance that helps cover your losses if you become involved in an accident with an uninsured or underinsured motorist. It is required by law in the state of Oregon, and when you purchase it, you are typically covered up to a certain amount. Uninsured motorist coverage will help reimburse you for expenses related to medical bills, lost wages, pain and suffering, and vehicle repair costs. Underinsured motorist coverage works similarly, but it applies when the at-fault driver in an accident does not have enough insurance coverage to pay for the full amount of your losses. This type of coverage is beneficial because it protects you if you become involved in an accident with an uninsured or underinsured driver, and you are not held financially liable for the full amount of damages. Uninsured/underinsured motorist coverage can also provide you with legal defense in the event of a lawsuit stemming from the accident. In Oregon, the minimum amount of uninsured/underinsured motorist coverage required is $25,000 per person and $50,000 per accident.

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What is uninsured/underinsured motorist coverage?

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