When purchasing Auto Insurance, it is important to understand the significance of Uninsured and Underinsured coverage. When the economy is struggling unfortunately many individuals don’t insure their vehicles. According to a recent study, cited by Consumer Reports, 1 in 6 drivers today may be uninsured, according to the Insurance Research Council. That is a scary thought to ponder, considering any damages or injuries sustained in an accident caused by an uninsured motorist are not cover.
Protect yourself and your passengers, by electing high limits. Saving money is important to everyone, but also protecting yourself, and assets is of more importance. Liability, Underinsured and Uninsured coverage are an important part of car insurance, understanding how and when these coverage are applicable is key to protecting your passengers, assets and yourself.