Most states do not require you to maintain Uninsured or Underinsured Coverage, some states however do require the agent or broker to offer the coverage so you are well aware that this coverage does exist as many people are not aware.
What is Uninsured/Underinsured Coverage?
Uninsured Motorist Coverage
If you are in an accident where the other party is responsible and they have no insurance or the coverage is lapsed, your insurance company will cover for the damages done to your vehicle and sometimes even bodily injury up to the limit chosen.
Underinsurance Coverage
If you are in a car accident and the person who has hit you does not have enough coverage to pay damages for your vehicle or sometimes bodily injury your insurance policy will pay for the balance due not to exceed your coverage limit.
Uninsured/Underinsured Coverage is a good way of protecting your self against uninsured motorist when you choose not to carry full coverage (comprehensive and collision) on your policy.
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