Most drivers in New Jersey do not know the legal terms for certain insurance coverage for their vehicles. It is crucial to become familiar with these theories of motor vehicle insurance coverage, because you never know when you or a family member might be injured in an accident.
Uninsured motorist (also known as "UM") coverage is paid to you or your family members by your own insurance company, if you are injured by an uninsured car or if you are the victim in a hit and run accident.
Underinsured motorist (also known as "UIM") coverage is paid to you or your family members by your own insurance company, if you are injured by a driver who does not have sufficient coverage to pay for all of your injuries. Most of the time, depending on your injuries as a result of a motor vehicle accident, the other driver who was responsible for the accident, does not have sufficient coverage to pay for your injuries. It is included in your UM coverage.
In such circumstances, UM/UIM coverage protects you and your loved ones. We therefore recommend that you purchase the most coverage available under your policy (that is, an amount equal to the amount of your liability coverage). Incremental increases in UM/UIM premiums are relatively inexpensive, and are well worth the investment.
Call Pamela Anevski, Esq. for a FREE consultation at (908) 255-0483 if you or a family member has been injured in an accident.
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