If you’re not sure you have underinsured motorist (UIM) coverage, please stop reading now and call your insurance agent. UIM is by far the best insurance coverage out there.
At least once a month, I get a car accident case where the driver who hit my client does not have enough insurance to pay for my client’s injuries.
You probably know that Arizona law requires all drivers to carry a minimum of $15,000.00 worth of liability (insurance if you injure somebody) insurance coverage. Well if you’re in an accident and have $20,000.00 in medical bills and $20,000.00 in pain and suffering, your case is worth $40,000.00.
But if you’re injured by someone with minimum coverage, the most you will get is $15,000.00.
Your UIM insurance steps in and makes up the difference. In my $40,000.00 example, your UIM insurance will pay the remaining $25,000.00.
What’s even better is that this insurance coverage is so cheap. I pay $2.75 per month for $50,000.00 worth of insurance. That’s a total of $65,000.00 worth of insurance instead of $15,000.00.