Commercial Truck Insurance
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Uninsured Motorist Coverage?
This coverage protects you if someone hits you and does not have liability coverage to repair whatever you need repaired.
Uninsured motorist coverage offers payments for damages to your truck caused by another vehicle that does not have any insurance or does not have enough insurance to cover all of the bills.
This coverage is mandatory in some state in USA and many other States. Accidents involving “hit and run” incidents are usually considered to be an uninsured motorist accident according to insurance law in many States.
Limits of Uninsured Motorist ?
1) 20% of drivers don’t have insurance — According to a study, 1 out 10 drivers are uninsured. If you have never been involved in an uninsured motorist accident, it may be hard to see the need for the coverage. But the fact remains that you have a 1 in 7 chance of that happening. This leaves a high amount of risk that if you were in an accident, it would be with an uninsured driver. That’s not a risk any trucker should take.
So don’t skimp on your uninsured motorist limits. With higher limits you lower your chances of being left in the lurch should you get hit by a driver without insurance.
2) Underinsured Drivers — Also, many drivers are underinsured and have opted to take out the cheapest insurance possible. These underinsured drivers only buy insurance up to the minimum limits required by their state. Most of these policies would not be sufficient to cover extensive damage to your truck.
Uninsured motorist coverage would kick in after the limit on the other insurance was paid out. You don’t want to gamble with your truck insurance coverage; you want to be protected. Talk to your truck insurance broker about Uninsured Motorist coverage when you are shopping for semi truck insurance quotes.