Uninsured/Underinsured is the same coverage. It's called UM/UIM BI (BI = bodily injury). I've never seen a carrier that offered 2 separate coverages, one for UM and one for UIM.
Here’s a primer. It’s not the same thing. Maybe somebody in the industry can chime in?
Not a charger is in the industry and I believe he is saying the coverage limits for UM and UIM are the same. Meaning if your policy limits for UM is $50,000 then your policy limits for UIM will also be $50,000.
Most auto insurance companies "bundle" Underinsured Motorist (UIM) and Uninsured motorist (UM) together when they sell you an auto insurance policy. Meaning they quote a single price that includes both UIM and UM coverage bundled together, instead of quoting separate prices for each.
UM coverage protects the policy holder when the at-fault driver has no insurance at all (and provides no coverage if the at-fault driver has insurance).
UIM coverage protects the policy holder when the at-fault driver has insurance, but your damages exceed the limits of the at-fault driver's insurance policy (and provides no coverage if the at-fault driver has no insurance).
Auto insurance policy rules vary from state to state so there is no "one size fits all" rule so your mileage may vary...
