UM/UIM Coverage Explained PDF
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Summary
This document provides information on uninsured/underinsured motorist (UM/UIM) coverage. It explains various scenarios where UM/UIM coverage might apply, including when a driver is at fault or a passenger is involved in an accident and when the client has several insurance policies. The document also discusses policy limits and potential recovery amounts.
Full Transcript
How and when to go after... UM/UIM U M S I / U T I A M? H W UNINSURED MOTORIST DEF HAS NO INSURANCE AT ALL NO LIABILITY COVERAGE PROVIDED UNDERINSURED MOTORIST DEF HAS LIABILITY COVERAGE DEF LIABILITY LIMITS < PLAINTIF’S UM/UIM LIMITS EXAMPLE Plaintiff is a driver or passenger in a vehicle....
How and when to go after... UM/UIM U M S I / U T I A M? H W UNINSURED MOTORIST DEF HAS NO INSURANCE AT ALL NO LIABILITY COVERAGE PROVIDED UNDERINSURED MOTORIST DEF HAS LIABILITY COVERAGE DEF LIABILITY LIMITS < PLAINTIF’S UM/UIM LIMITS EXAMPLE Plaintiff is a driver or passenger in a vehicle. Defendant ran the red light and T-boned the plaintiff. UM/UIM coverage applies when: Plaintiff as a driver has UM/UIM coverage Plaintiff’s driver has UM/UIM coverage Plaintiff as a passenger has UM/UIM coverage on his own vehicle THEY ARE NOT ACCUMULATIVE POLICY LIMITS POLICY LIMITS POLICY LIMITS DEFENDANT’S LIABILITY COVERAGE 15/30 25/50 50/100 UM/UIM 15/30 50/100 15/30 TOTAL POTENCIAL RECOVERY 15K per person 30K per accident 50 per person 100 per accident 50K per person 100 K per accident CAN YOU ACCESS UM/UIM? NO Per person= 25K def + 25K UM/UIM per accident= 50K def + 50K UM/UIM NO OTHER SITUATIONS WHEN UM/UIM MAY APPLY WHEN PLAINTIFF LIVES UNDER THE HOUSEHOLD OF A UM/UIM POLICYHOLDER AND WAS A PASSENGER INSIDE A VEHICLE INVOLVED IN THE ACCIDENT WHEN PLAINTIFF IS LISTED AS A BENEFICIARY ON A POLICY WITH UM/UIM = UM/UIM COVERAGE MAY APPLY =UM/UIM COVERAGE DOES NOT APPLY Client has UM/UIM on another vehicle owned by them Vehicle not owned by client Client does not Have UM/UIM but lives with someone who has UM/UIM Client is the Driver Vehicle owned by Client Client does not have insurance Client has insurance for the car and UM/UIM Client lives with someone who has UM/UIM Client owns the vehicle and has UM/UIM Client does not own the vehicle but has UM/UIM on another policy Driver is at fault Client is Passenger Client does not own the vehicle, does not have UM/UIM but lives with someone that does Driver not at fault Client owns the vehicle and has UM/UIM Client does not own the vehicle Vehicle has UM/UIM Client has UM/UIM or lives with someone that has UM/UIM If the vehicle has UM/UIM, and the client also has UM/UIM, the client's UM/UIM will apply only if the client's UM coverage is superior to that of the vehicle K Y N O A U H T
