When you’re involved in a car accident, you expect the at-fault driver’s insurance to cover the damages. Unfortunately, not every driver carries sufficient insurance to cover medical expenses, lost wages, or vehicle repairs. This is where underinsured motorist coverage becomes essential, providing a financial safeguard when the other driver’s policy falls short of providing adequate coverage.
How Underinsured Motorist Coverage Works
Underinsured motorist coverage activates when another driver is legally responsible for an accident but does not have sufficient liability insurance to cover your expenses. Instead of being left with unpaid bills, your own policy steps in to close the gap. This ensures you’re not burdened with costs simply because the at-fault driver purchased minimal coverage.
Why Underinsured Motorist Coverage Is Important
Serious accidents can result in substantial medical expenses and prolonged recovery periods. If the other driver’s insurance isn’t enough, you could be left paying thousands out of pocket. Underinsured motorist coverage protects your financial stability, ensuring you’re covered even if the other driver’s policy is inadequate.
Key benefits of underinsured motorist coverage include:
- Protection against financial loss: Helps cover medical expenses, lost wages, and other damages.
- Enhanced security: Ensures you won’t be penalized for another driver’s lack of coverage.
- Complements your existing policy: Works in conjunction with your auto insurance to fill in the gaps.
By adding underinsured motorist coverage, you create a safety net that shields you from the financial strain of accidents involving drivers with insufficient insurance.
Contact H & R Insurance Group LLC in Portland, OR
At H & R Insurance Group LLC, our team is proud to serve Portland, OR, and we’re excited to help you with all your insurance needs. Contact us today to speak with a member of our team about finding the insurance products that best meet your needs.
