1. What is the average amount of property damage caused by uninsured motorists?
Uninsured Motorist-Property Damage Coverage
Uninsured motorist-property damage (UMPD) coverage is an important form of auto insurance in the United States. It provides financial protection for a person in the event of damage to their property due to the fault of an uninsured motorist.
What does UMPD coverage protect?
UMPD coverage protects a policyholder from financial loss in the event of damage to their vehicle and property resulting from a crash caused by an uninsured motorist. This includes:
- Vehicle damage: Coverage for any repairs or replacement costs associated with vehicle damage.
- Personal property damage: Coverage for any damage to personal belongings in the vehicle or nearby outside the vehicle.
- Temporary Transportation: Coverage for rental car expenses related to the accident.
- Legal Fees: Coverage for legal fees associated with filing a claim.
How much coverage do I need?
The amount of UMPD coverage you need will depend on the value of your vehicle, the value of any other items damaged in the accident, and your tolerance for risk. The policy limits should be high enough to cover the value of the vehicle and any personal items damaged in the crash. It’s important to remember that UMPD coverage is secondary to your primary liability insurance, so you may need to file a claim with your primary carrier first before filing a UMPD claim.
Conclusion
Uninsured Motorist-Property Damage coverage is an important form of auto insurance in the United States that provides financial protection for a policyholder in the event of damage due to the fault of an uninsured motorist. It pays for repairs or replacement costs for vehicle damage as well as damage to personal belongings and legal fees associated with filing a claim. The amount of coverage you need will be determined by the value of your vehicle and personal property, as well as your tolerance for risk.