Uninsured/Underinsured motorist coverage is often referred to as “UIM” when you’re buying liability insurance for your automobile. It protects you in the instances where the driver who has caused the accident doesn’t have enough insurance to cover the bodily injuries, pain and suffering and medical bills incurred by you because of the accident. It’s the same as uninsured.
That means that the at-fault driver, the driver who caused the accident, has no insurance, so you have to claim on your own insurance policy. In Nevada, the Nevada legislature has found that type of coverage to be so important that the insurance company, when it is selling you automobile insurance, must offer UM/UIM at least equal to the auto injury you purchased.
For example, let’s say you have $100,000 per individual in injury liability that you purchased, per accident, that automobile insurance company must offer you $100,000 in uninsured/underinsured motorist coverage, and if it rejects that, there has to be a written rejection.
If the insurance company cannot produce the written rejection, then the courts have found that that means that your limits will be equal to the amount of your bodily injury limits. And that’s because it’s such an important coverage since you cannot control how much insurance the person who hit you can have. You want to make sure that you have enough to cover your medical bills and to get you healthy and back to where you were before the accident, and the only way to help you do that is to purchase this UM/UIM insurance, because as I said, there’s no guarantee: There’s no knowledge about how much the other guy’s going to have.
Even if the other party has insurance, they might have the minimum limit in Nevada, which is a meagre $15,000 in bodily injury limits. If you get taken in on an ambulance in Northern Nevada, and you got to the trauma center here in Northern Nevada, those $15,000 limits are going to be eaten away just on the ambulance ride and the admission to the trauma center, not to mention that there are actual medical services that you need. So, $15,000 is not enough, and the best way to protect yourself is to get the Uninsured/Underinsured Motorists coverage.