What is UM/UIM and Why You Should Buy It

Picture this: you’re cruising down the open road, enjoying the breeze and some tunes, when suddenly, your peaceful drive is rudely interrupted by a reckless driver who crashes into your vehicle. To make matters worse, you soon discover that the other driver doesn’t have insurance. Now you’re faced with mounting medical bills, lost wages, and the stress of navigating a legal maze. What can you do to protect yourself from such a nightmare scenario? Enter uninsured motorist coverage, your invaluable shield against the unexpected.

Uninsured motorist coverage, often abbreviated as UM, is a type of auto insurance that safeguards you against accidents caused by drivers who either lack insurance or have inadequate coverage. If the person doesn’t have enough insurance, it is called UIM. In Colorado, buying UM means you get UIM too. In the unfortunate event of a collision with an uninsured or underinsured driver, this coverage steps in to bridge the gap and provide financial relief for your medical expenses, lost wages, and pain and suffering.

Why Should You Buy Uninsured Motorist Coverage?

You never know who is going to hit you while you’re driving. We here at Born & McCaffrey have been representing car accident victims across the state of Colorado for years, and we have seen first-hand too many occasions in which the at fault driver did not carry liability car insurance, or did not buy enough of it to cover our clients’ damages. Although there are some alternative options in that scenario that we can pursue, it is a much quicker and simpler process for our clients when they carry their own UM/UIM insurance. Uninsured motorist coverage acts as your safety net- remember, even if you’re the best driver in Denver, you can’t control what others on the road do.

On top of the protection it affords you and your family, UM/UIM is not going to break the bank. It is an optional coverage, meaning it is not required by law to have. But, as explained above, it is incredibly useful. It costs slightly more than a basic liability policy – depending on your insurance company, it might only cost an extra $10-20 a month on your premium. It’s a good idea to consult with your insurance agent to determine the right balance between coverage and cost.

Oh and by the way, UM covers hit-and-runs. Hit and runs are like ninja surprises – you never see them coming. If you’re a victim of a hit-and-run, uninsured motorist coverage is like your secret weapon. It’ll cover your damages even when the other driver has vanished into thin air.

Uninsured motorist coverage is more than just an insurance policy; it’s your shield against the unexpected twists and turns of life on the road. The peace of mind, financial protection, and comprehensive coverage it offers make it a smart investment for any driver. Don’t leave your fate to chance. With uninsured motorist coverage in place, you can navigate I-70, I-25, or any other highway or byway across the state of Colorado with confidence, knowing that you’re prepared for whatever the road may throw your way.

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