Dallas, TX, March 14, 2011 --(PR.com
)-- A new FAQ recently published on OnlineAutoInsurance.com provides insight to consumers about the positives of purchasing uninsured motorist protection.
In some states, protecting against uninsured motorists is required by law. But in most states it is only an add-on to mandatory liability or no-fault policies.
Despite the fact that uninsured motorist coverage usually has relatively high limits, it remains a generally cheap insurance
add-on. This is because the majority of drivers does comply with state financial responsibility laws and will have a policy to cover any damages that they cause, so the probability that it will be utilized is not extremely high.
But having UM insurance added to a policy can prove invaluable in situations when one does get into an accident with a coverage-less driver. And in some states the likelihood of this happening is higher than in others. In states like New Mexico, Mississippi, Alabama and Oklahoma, it has been estimated that more than one-quarter of the driving population lacks proper financial protection.
Purchasers of uninsured motorist insurance should note, though, that it only provides protection for bodily injury damages in most states. In order to have coverage for damages done to a policyholder’s car by the uninsured driver, the policyholder would need to either purchase collision coverage or live in a state that provides uninsured motorist property damage coverage.
Source: http://insurance.mo.gov/consumer/faq/autofaqs.htm#auto um buy
Another positive aspect of uninsured motorist policies is that they usually also protect against underinsured motorists. So if a driver in Ohio has underinsured protection and gets into a serious accident with damages that exceed the other driver’s minimum $12,500 bodily injury and $7,500 property damage liability protections, underinsured coverage would kick in.
To learn more about these and other insurance issues, readers can go to http://www.onlineautoinsurance.com/cheap/
where visitors will find informative resource pages and a quote-comparison generator that can help consumers find the cheapest rates quickly. The full FAQs can be accessed by clicking on the “Questions” link located at the top of any page on the site.