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Why you must have uninsured motorist insurance
Why do you need uninsured motorist coverage?
It's something we all hope won’t happen, but unfortunately, cyclists can often be seriously injured by drivers who don’t have insurance or who only have the minimum liability coverage required by law—sometimes as low as $10,000. In some cases, the driver may not even be identified, like in a hit-and-run accident. That’s where uninsured motorist (UM) coverage comes into play.
UM coverage is designed to protect you if you’re involved in an accident with a driver who either has no insurance or doesn’t have enough to cover your injuries and damages. For example, if you're a cyclist and are hit by someone with only $10,000 in liability coverage, your own UM coverage can help cover the rest of your medical expenses and other related costs.
In addition, UM coverage isn’t just for car owners. In some states, you can still benefit from it if you live in a household with someone who has a car policy that includes UM coverage. This means even if you don’t own a car, you might still have protection.
How it works
Let’s say you have $100,000 in UM coverage on your auto policy. If you’re injured in an accident caused by a driver with only $10,000 in bodily injury liability coverage, you could receive $10,000 from the at-fault driver and then another $90,000 from your own UM policy. This helps fill the gap when the other driver’s insurance isn’t enough.
However, if your UM coverage limit is only $10,000, you won’t be able to recover more than that—even if the other driver’s coverage is insufficient. It’s important to note that filing a UM claim doesn’t impact your insurance premiums, as this coverage is meant to protect you from the fault of others.
UM coverage is usually affordable and offers strong protection for a relatively low cost. At Velosurance, we always recommend choosing the highest UM limits you can afford. In some cases, it may be the only source of compensation after an accident.
To make a successful UM claim, certain conditions must be met:
- There must be direct contact between you and the vehicle.
- The vehicle must be determined to be at fault for the accident.
- A police report must be filed.
If these requirements are met, your UM coverage can provide much-needed financial support during a difficult time.
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