UM/UIM
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Questions and Answers

Which of the following situations may result in UM/UIM coverage applying?

  • Plaintiff lives under the household of a UM/UIM policyholder and was a passenger inside a vehicle involved in the accident. (correct)
  • Client has UM/UIM on another vehicle owned by them and was at fault for the accident
  • Vehicle not owned by client.
  • Plaintiff is listed as a beneficiary on a policy with UM/UIM coverage and was at fault for the accident

    • Which of the following situations may result in UM/UIM coverage not applying? (talk to adjuster to see if coverage can be provided)

  • Client lives with someone who has UM/UIM. (correct)
  • Client has UM/UIM for his car and was not placed at fault
  • Client is a passenger on a vehicle. Client owns another vehicle and has UM/UIM. Client's UM/UIM is bigger than driver's
  • Client does not have insurance.

    • In which situation will the client's UM/UIM coverage apply if the client was a passenger?

  • The vehicle has UM/UIM and the client also has UM/UIM.
  • The client's UM coverage is superior to that of DEF Coverage. (correct)
  • The client does not own the vehicle.
  • Client is at fault

    • Which of the following situations may result in UM/UIM coverage applying?

    <p>All of the above</p> Signup and view all the answers

    How much of a UM/UIM policy of 100/300 can we get if def has policy limits of 25/50?

    <p>75/250</p> Signup and view all the answers

    What is the potential recovery per person if we have DEF Policy Limits of 50/100 and UM/UIM 25/50?

    <p>50K</p> Signup and view all the answers

    Are the policy limits for UM/UIM coverage and defendant's liability coverage cumulative?

    <p>No</p> Signup and view all the answers

    Which one of the following is NOT true about UM/UIM coverage?

    <p>It provides coverage only for drivers</p> Signup and view all the answers

    Study Notes

    UM/UIM Coverage Situations

    • UM (Uninsured Motorist) and UIM (Underinsured Motorist) coverage applies when the insured is involved in an accident caused by a driver with insufficient or no insurance coverage.
    • Coverage can also apply if an accident occurs hit-and-run or when an insured vehicle is struck by an uninsured vehicle.
    • If the client is a passenger, UM/UIM coverage may apply if the vehicle they were in has applicable coverage or if they have their own UM/UIM policy.

    Situations Leading to Non-Application

    • UM/UIM coverage may not apply if the insured is driving a vehicle not covered under their policy.
    • Situations where the insured did not maintain required insurance or when fraud is involved may also lead to non-application.
    • Consult with an adjuster to explore coverage options in ambiguous situations.

    Policy Limits and Recoveries

    • With a UM/UIM policy of 100/300 and a defendant's policy limit of 25/50, potential recovery can be limited due to the lower limit of the defendant’s policy. Exact recovery amounts depend on fault and the extent of damages.
    • For DEF policy limits of 50/100 and a UM/UIM policy of 25/50, the potential recovery per person may be capped at 25,000, depending on damages incurred.
    • The policy limits for UM/UIM coverage do not automatically combine with the defendant's liability limits; each operates independently concerning recovery amounts.

    Misconceptions About UM/UIM Coverage

    • A common misconception is that UM/UIM coverage will pay out as much as defendant's liability coverage; however, these limits are distinct and not cumulative.

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    Related Documents

    UM/UIM Coverage Explained PDF

    Description

    Learn about the key aspects of UM/UIM coverage and when it applies in the case of accidents involving uninsured and underinsured motorists.

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