Why You Should Take a Closer Look at UM/UIM Coverage

What exactly is UM/UIM and what does it cover?  Uninsured Motorists (UM) and Underinsured Motorists (UIM) is designed to cover the cost of medical bills, lost wages, or property damage when you are involved in an accident and the party at fault is either underinsured or not insured at all. 

Some facts that may surprise you: 

• 213,406 traffic accidents were reported in North Carolina in 2012 ( Source: NC Department of Transportation)
• 110,406 persons injured due to 2012 accidents in North Carolina (Source: NC Department of Transportation)
• 1,663 hit-and-run accidents reported in 2012 ( Source:  AAA of the Carolinas)
• One in eight drivers were uninsured in 2012 ( Source: 2014 study by the Insurance Research Council)
• North Carolina minimum liability limits are $30,000 for bodily injury per person, $60,000 bodily injury per accident, and $25,000 property damages

Life is unpredictable.  Consider if you or your passengers were injured in an auto accident where the other driver is legally responsible and either uninsured or underinsured.  What if this caused you to be out of work for several months and resulted in lost wages?  Don’t leave it to others to protect your financial interests.  Take a few moments to review your current limits and call your agent with any questions.

Kelly Gold is a Property & Casualty Sales Agent and Account Manager for both Commercial and Personal lines at Lawyers Insurance Agency.  For more information, contact Kelly at 800.662.8843 or Kelly@lawyersmutualnc.com.