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The number of uninsured motorists is on the rise. In a down economy, not only do mortgages go

unpaid but so does car insurance. So it is even more important for you to have uninsured motorist coverage on your auto insurance policy. When buying auto insurance online be sure to select this optional coverage.

If a driver causes an accident his liability policy will normally pay for property damage and medical expenses of the injured party. This system only works if the driver has insurance. Although most states require drivers to have liability insurance, there are certainly drivers on the road without the mandated insurance coverage. The more drivers there are without the proper insurance coverage the more at risk you are for being involved in an accident, caused by a negligent driver who has no insurance an can’t afford to cover the accident expenses.

Another problem is that the required liability insurance limits are low and may not cover all of the expenses that result from an accident. These drivers are underinsured. If they are sued as a result of the accident, they certainly would not have the insurance coverage to settle any judgment.

Underinsured motorist coverage pays after the other driver’s insurance has paid. The limit for underinsured motorist protection is the total amount that would be paid by both insurance companies. It is not as you might assume the amount your insurance would pay. You insurer will pay up to the limit on the policy minus the amount paid by the other insurer.

One way to protect yourself is to buy uninsured and underinsured motorist coverage. Policies for uninsured and underinsured motorists are sometimes combined in an auto insurance quote but only one or the other can be claimed, as they are separate coverages. Most states require the insurance company to offer uninsured motorist coverage but it can be rejected by the consumer.

Not only are you protecting yourself, but you are looking out for any passengers that are riding in your vehicle. If they are injured in an accident, even if it was the other driver’s fault, you would their medical expenses and lost wages to be covered. Both uninsured motorist and underinsured motorist policies cover you and your passengers when riding in your car and you and any other persons listed on the policy when they are riding in other cars.

When buying auto insurance online or from a broker, be sure that you have requested that uninsured and underinsured coverage is offered to you and that you accept it. The modest premiums for this type of coverage can provide financial protection to you and your family.