Re: Uninsured motorist coverage
[Re: SomeCarGuy]
#3217084
02/29/24 03:49 PM
02/29/24 03:49 PM
|
Joined: Dec 2007
Posts: 20,033 Puttin' on the foil in Charles...
not_a_charger
Mr. Big Shot Moparts Moderator
|
Mr. Big Shot Moparts Moderator
Joined: Dec 2007
Posts: 20,033
Puttin' on the foil in Charles...
|
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.
Earning every penny of that moderator paycheck.
DBAP
|
|
|
Re: Uninsured motorist coverage
[Re: SomeCarGuy]
#3217195
03/01/24 02:43 AM
03/01/24 02:43 AM
|
Joined: Mar 2003
Posts: 5,141 Las Vegas, NV
Tom_440
master
|
master
Joined: Mar 2003
Posts: 5,141
Las Vegas, NV
|
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. https://www.progressive.com/answers/uninsured-motorist-insurance/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...
|
|
|
Re: Uninsured motorist coverage
[Re: SomeCarGuy]
#3217207
03/01/24 08:43 AM
03/01/24 08:43 AM
|
Joined: Dec 2007
Posts: 20,033 Puttin' on the foil in Charles...
not_a_charger
Mr. Big Shot Moparts Moderator
|
Mr. Big Shot Moparts Moderator
Joined: Dec 2007
Posts: 20,033
Puttin' on the foil in Charles...
|
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. https://www.progressive.com/answers/uninsured-motorist-insurance/Here’s a primer. It’s not the same thing. Maybe somebody in the industry can chime in? I am in the industry. UM and UIM serve the same purpose. In most states, they are lumped together as UM/UIM, which is how it is in my state. I did find out that there are some states (likely yours among them) that do split the coverages up. It looks like those states are Massachusetts, New Jersey, New York, South Carolina, and Wisconsin. Learned something new today.
Earning every penny of that moderator paycheck.
DBAP
|
|
|
Re: Uninsured motorist coverage
[Re: not_a_charger]
#3217242
03/01/24 12:10 PM
03/01/24 12:10 PM
|
Joined: Feb 2014
Posts: 1,713 central il.
second 70
top fuel
|
top fuel
Joined: Feb 2014
Posts: 1,713
central il.
|
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. https://www.progressive.com/answers/uninsured-motorist-insurance/Here’s a primer. It’s not the same thing. Maybe somebody in the industry can chime in? I am in the industry. UM and UIM serve the same purpose. In most states, they are lumped together as UM/UIM, which is how it is in my state. I did find out that there are some states (likely yours among them) that do split the coverages up. It looks like those states are Massachusetts, New Jersey, New York, South Carolina, and Wisconsin. Learned something new today. I just looked at my Il. policy and they are separate. $100,000/$300,000. My truck for 6 months is UM $36.40,UIM $9.20,and also lists Medical $13.70. My Cuda and Corvette have yearly policy and each are UM $10.70,UIM $2.70,Medical $6.90.
|
|
|
Re: Uninsured motorist coverage
[Re: not_a_charger]
#3217379
03/01/24 11:35 PM
03/01/24 11:35 PM
|
Joined: Feb 2003
Posts: 10,234 Someplace you aren't
SomeCarGuy
I Live Here
|
I Live Here
Joined: Feb 2003
Posts: 10,234
Someplace you aren't
|
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. https://www.progressive.com/answers/uninsured-motorist-insurance/Here’s a primer. It’s not the same thing. Maybe somebody in the industry can chime in? I am in the industry. UM and UIM serve the same purpose. In most states, they are lumped together as UM/UIM, which is how it is in my state. I did find out that there are some states (likely yours among them) that do split the coverages up. It looks like those states are Massachusetts, New Jersey, New York, South Carolina, and Wisconsin. Learned something new today. They aren’t the same purpose. That’s why they are separate coverages. Some states require both. That list isn’t all of them.
I want my fair share
|
|
|
Re: Uninsured motorist coverage
[Re: SomeCarGuy]
#3217396
03/02/24 06:45 AM
03/02/24 06:45 AM
|
Joined: Dec 2007
Posts: 20,033 Puttin' on the foil in Charles...
not_a_charger
Mr. Big Shot Moparts Moderator
|
Mr. Big Shot Moparts Moderator
Joined: Dec 2007
Posts: 20,033
Puttin' on the foil in Charles...
|
They do serve the same purpose. UM and UIM replace the injury coverage that the at-fault party doesn't have at all (UM), or doesn't have enough of (UIM).
Lots of states require that you purchase UM. In the states where UM and UIM are not separated, that means you're paying for both whether you want to or not. In the states that do separate them but also require UM, it allows people to reduce their costs by choosing not to have UIM if they don't want it. Those are the states that I listed.
Earning every penny of that moderator paycheck.
DBAP
|
|
|
Re: Uninsured motorist coverage
[Re: not_a_charger]
#3217429
03/02/24 12:38 PM
03/02/24 12:38 PM
|
Joined: Feb 2014
Posts: 1,713 central il.
second 70
top fuel
|
top fuel
Joined: Feb 2014
Posts: 1,713
central il.
|
They do serve the same purpose. UM and UIM replace the injury coverage that the at-fault party doesn't have at all (UM), or doesn't have enough of (UIM).
Lots of states require that you purchase UM. In the states where UM and UIM are not separated, that means you're paying for both whether you want to or not. In the states that do separate them but also require UM, it allows people to reduce their costs by choosing not to have UIM if they don't want it. Those are the states that I listed. Looks like you need to add Illinois to your list.
|
|
|
Re: Uninsured motorist coverage
[Re: not_a_charger]
#3217430
03/02/24 12:42 PM
03/02/24 12:42 PM
|
Joined: Jan 2011
Posts: 15,945 Central Florida
larrymopar360
OP
Stud Muffin
|
OP
Stud Muffin
Joined: Jan 2011
Posts: 15,945
Central Florida
|
You'd first have to determine whether your insurer charges UM as a single coverage applicable to all of your vehicles (that's what mine does), or if they charge you UM per vehicle. If it's a single coverage, you can't drop it unless you drop it completely. UM/UIM relates to injuries only, has nothing to do with the car you're driving, or any damages, etc.
My $.02, I would not drop it in FL, for the reasons already noted. Too many uninsured drivers, and also a low minimum limit required by law ($10k per person/$20k per accident). And a LOT of drivers in FL who have insurance carry those minimum limits...remember UM is also UIM, as in Underinsured Motorist. If you get hurt by an uninsured/underinsured motorist, you're going to be screwed. Also, how much UM/UIM coverage are you carrying? Okay thank you very much! I need to see if it's per vehicle now. I'm curious. I'll probably keep it. Thanks again.
Facts are stubborn things.
|
|
|
Re: Uninsured motorist coverage
[Re: second 70]
#3217433
03/02/24 12:47 PM
03/02/24 12:47 PM
|
Joined: Dec 2007
Posts: 20,033 Puttin' on the foil in Charles...
not_a_charger
Mr. Big Shot Moparts Moderator
|
Mr. Big Shot Moparts Moderator
Joined: Dec 2007
Posts: 20,033
Puttin' on the foil in Charles...
|
They do serve the same purpose. UM and UIM replace the injury coverage that the at-fault party doesn't have at all (UM), or doesn't have enough of (UIM).
Lots of states require that you purchase UM. In the states where UM and UIM are not separated, that means you're paying for both whether you want to or not. In the states that do separate them but also require UM, it allows people to reduce their costs by choosing not to have UIM if they don't want it. Those are the states that I listed. Looks like you need to add Illinois to your list. I'll be sure to pass that along. Edit: looked it up, and Illinois requires both UM and UIM coverage. Looks like you need to remove Illinois from your list, or at least specify that it requires both if you buy more than the minimum limits. https://idoi.illinois.gov/consumers/consumerinsurance/auto-insurance-shopping-guide.html
Earning every penny of that moderator paycheck.
DBAP
|
|
|
Re: Uninsured motorist coverage
[Re: not_a_charger]
#3217439
03/02/24 12:58 PM
03/02/24 12:58 PM
|
Joined: Feb 2014
Posts: 1,713 central il.
second 70
top fuel
|
top fuel
Joined: Feb 2014
Posts: 1,713
central il.
|
They do serve the same purpose. UM and UIM replace the injury coverage that the at-fault party doesn't have at all (UM), or doesn't have enough of (UIM).
Lots of states require that you purchase UM. In the states where UM and UIM are not separated, that means you're paying for both whether you want to or not. In the states that do separate them but also require UM, it allows people to reduce their costs by choosing not to have UIM if they don't want it. Those are the states that I listed. Looks like you need to add Illinois to your list. I'll be sure to pass that along. Ok I just read the Il. law and if you buy more UM coverage than the minimum $25,000/$50,000 then UMI is required by law. Buy the minimum and it's not. Lol
|
|
|
|
|