In New Jersey, UM/UIM coverage stands for Uninsured/Underinsured Motorist coverage. This type of insurance is designed to protect you if you’re involved in an accident with a driver who either doesn’t have insurance (uninsured) or doesn’t have enough insurance to cover the damages (underinsured).
UM coverage comes into play when you’re in an accident caused by a driver who doesn’t have insurance at all. UIM coverage kicks in when the at-fault driver’s insurance limits are lower than the costs you’ve incurred due to the accident.
Having UM/UIM coverage is important because it ensures that you have financial protection in situations where the other party doesn’t have sufficient insurance coverage to compensate you for damages or injuries.
In New Jersey, UM/UIM coverage is mandatory, meaning that all auto insurance policies issued in the state must include it. However, drivers can choose their coverage limits. It’s essential to review your policy and ensure you have adequate UM/UIM coverage to protect yourself in case of an accident with an uninsured or underinsured driver. If you have any questions about your auto coverage call Mark C. Dewland P.C. at 609-472-1377 and get the help you need today
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