No matter how experienced a driver you are, accidents are prone to occur on the road. And in accidents, it not only affects you but also your vehicle. This is why it is essential to have proper insurance that helps you cover medical expenses and your loss of income. However, according to studies, among ten drivers, only 6 carry the proper insurance. So, how are you supposed to when your accident is caused by a driver with an insurance policy that cannot cover the whole expenses of your damages? How are you going to compensate for your loss? Well, that’s where UIM coverage comes in. UIM stands for Underinsured motorist. So, what exactly is UIM insurance, and how can it help you? If you are interested in learning more about UIM, keep reading this article to the end.
What is UIM Insurance?
As stated above, UIM stands for Underinsured motorist coverage, which aids you financially when the accident causes the driver won’t have the coverage to cover all your damages. It is offered with UMC, uninsured motorist coverage, where the driver doesn’t have coverage to pay for the expenses.
Underinsured motorist insurance usually pays for you,
- Medical Expenses
- Covers the wages if the accidents left you with a temporary disability to work
- Compensation for Pain and suffering
- Funeral expenses
In some states, it also covers the damages incurred by your car in the accident.
Is Underinsured Motorist Insurance Required if You Have Health Insurance?
Your health insurance might overlap with the Underinsured motorist coverage. Here are a few reasons you should consider opting for UIM instead of health insurance.
Will Your Health Insurance Cover the Injuries That You Have Sustained in Car Accidents?
Medical insurance might not pay you until the sources of other coverage are not exhausted. That is why you should choose Underinsured motorist insurance over your health insurance. For more information, you can also consult with your insurer.
Does Your Health Insurance Have Any Deductibles?
Typically medical health insurance consists of high deductibles, which makes it difficult to access health insurance before your deductibles are all paid up. However, there are no deductibles with UIM or UMC, which makes it highly beneficial for you to choose these coverages. Medical health insurance doesn’t cover the income you lost due to the accidents. However, UIM does, which makes it highly recommendable that you choose UIM.
Best Car Accident Lawyers in Philadelphia
In Philadelphia, the accident rates are pretty high. There are several accidents where the outcomes have been fatal, which has left many families in miserable situations, with high medical expenses and losses of the primary bread earners. This is why it is recommended that everyone should have contact details of one of the best law firms, which has profound lawyers and attorneys having legal expertise within these lawsuits. By being acquainted with a reliable law firm, you will get access to a professional lawyer and attorney. They can help you with these circumstances by providing what you deserve. So, if you have been a victim of these circumstances, contact Philadelphia Car Accident Lawyers as soon as possible. Being the best Philadelphia Car Accident Lawyers, we strive to offer what is best for you.