When looking at auto insurance coverage options in Collierville, TN, you will likely see uninsured and underinsured coverage included. You can opt out of this coverage, but there are numerous reasons why you should keep this vital form of protection as part of your policy. Since we offer this type of coverage at Brock and Poole Insurance Agency, we want to give you an overview of what this type of coverage entails and why we consider it necessary for drivers.
How Uninsured Motorist Coverage Protects You (UM)
If you have an accident and the other party doesn’t have insurance, your uninsured coverage will help pay for damages regardless of fault. Tennessee is home to many uninsured drivers and drivers between insurance coverage. So, there’s always a possibility that an accident with any individual on the road can become a situation where the other party doesn’t have insurance. Your uninsured motorist coverage will give you protection against that possibility.
How Underinsured Motorist Coverage Protects You (UIM)
Even when a motorist has proper auto insurance coverage, there’s still a chance the person doesn’t have enough coverage for damages sustained in an accident. For this reason, underinsured motorist coverage can become a safety net.
For example, if you’re in an accident and your medical bills cost more than the other party’s insurance coverage can pay, your UIM coverage will help bridge the gap. This also applies to lost wages, loss of earning potential, pain and suffering, and other damages from an automobile accident.
Do You Need Uninsured/Underinsured Coverage in Tennessee?
It would be best if you considered UM/UIM coverage a necessity. You never know what you might have to deal with in the aftermath of an accident, so having these additional protections makes a lot of sense. UM/UIM adds coverage amounts beyond your policy limits, which can become very important for you and your family if an accident happens.
Contact us at Brock and Poole Insurance Agency today to learn more about uninsured and underinsured coverage in Collierville, TN.