Understanding Uninsured Motorist Coverage
Uninsured and Underinsured Drivers Are Not the Same
Both situations involve another driver’s insurance, but the difference is whether that driver has no applicable liability insurance or simply does not have enough to fully address a covered claim.
The At-Fault Driver Has No Applicable Insurance
An uninsured motorist situation may occur when another driver causes an accident but does not have applicable liability insurance.
The At-Fault Driver Has Insurance, but It May Not Be Enough
An underinsured motorist situation may occur when the responsible driver has liability insurance, but the available limit is insufficient for a covered loss.
How Another Driver’s Insurance Can Affect Your Claim
After an accident, the available insurance and facts of the loss can affect which coverage may respond and how a claim is evaluated.
Determine Responsibility
The facts of the accident and applicable law can affect who is considered responsible for the loss.
Review the Other Driver’s Coverage
The claim may involve determining whether the responsible driver has applicable insurance and what limits are available.
Review Your Own Policy
Your insurer may review whether uninsured or underinsured motorist coverage applies under your motorcycle policy.
Apply Coverage Limits
Any available payment remains subject to the limits, definitions, exclusions, conditions, and other provisions of the policy.
Why Uninsured Motorist Limits Deserve Attention
Selecting coverage is not only about whether uninsured motorist protection is available. The amount of coverage and the way the policy is structured can also matter after a serious motorcycle accident.
Uninsured and underinsured motorist options can vary by state, insurance company, and policy.
Available limits can affect the amount of protection provided for eligible covered injuries after an accident.
Uninsured motorist property-damage protection may be treated differently or may not be available in every state or policy.
Definitions, deductibles, stacking rules, offsets, exclusions, and claim requirements can affect how available coverage works.
Review Your Motorcycle Insurance Coverage
Best Formula Insurance can help you compare motorcycle insurance options, including liability, uninsured and underinsured motorist coverage, physical damage protection, deductibles, and available limits.