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Even careful drivers can cause an accident. If this happens to you, there is comfort in knowing that you have the insurance to cover the damages to the other party's vehicle, as well as their medical expenses. However, if the other driver is at fault, they might not have coverage—or not have enough of it—to pay for your expenses. In that situation, having underinsured/uninsured motorist coverage on your plan is extremely useful. Use the following guide to learn more about this unique policy.

What Is Underinsured/Uninsured Motorist Coverage?

In many states, including Arizona, traffic accidents are governed by “at-fault” laws. This means that whoever is found to have caused the accident, that driver’s insurance company must pay for the damages. However, if the “at-fault” driver doesn’t have coverage, there is provider to supply the payout. In this case, your uninsured or underinsured motorist coverage will kick in to pay for your damages.

What Does It Pay For?

insuranceIf a driver is uninsured, they have no policy at all. Luckily, your uninsured motorist coverage covers two major categories: bodily injury and property damage. This means that you can avoid medical bills for surgeries and treatments that result from your accident-related injuries. Depending on your policy, this may also cover the medical bills for family members who were borrowing your car or people you were transporting when the accident occurred.

If the driver was underinsured, they have some form of auto insurance. However, its limits may be too low to cover the medical bills and collision repairs that resulted from the accident. Luckily, your underinsured motorist policy will pick up where their coverage leaves off.

 

If you’re hoping to gain peace of mind by upgrading your auto insurance policy with underinsured/uninsured coverage, get in touch with Insurance Savers®. This Phoenix, AZ, agency has been operating since 1999 and can offer impressive quotes from over 30 different providers. That way, you can save time shopping around while still finding the best possible deal. To learn more about their coverage offerings, visit the website. You can also call (602) 265-9311 to set up a consultation today.

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