UM/UIM Coverage Explained PDF
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Summary
This document provides information about UM/UIM (Uninsured/Underinsured Motorist) insurance coverage and situations when it may apply in a car accident. It covers examples and scenarios of when the policy might/might not apply.
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 DO NOT STACK SCENARIO 1 SCENARIO 2 SCENARIO 3 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
