Do You Need Uninsured And Underinsured Bodily Injury Coverage?

According to the Insurance Research Council, approximately 12% of all drivers are uninsured. Approximately 4% of drivers do not maintain adequate levels of insurance to cover damages caused by the collision, including medical bills, lost wages, pain and suffering, etc. Many states require drivers to purchase a minimum amount of bodily injury liability insurance. A typical state may require an at-fault driver to maintain a minimum of $25,000/$50,000 in bodily injury coverage. This means coverage could be capped at $25,000 for an individual or $50,000 for everyone involved in the collision. If you were one of four people injured in a collision, $50,000 may be divided between four people and may not provide much coverage for anyone. With the rising cost of medical bills, it is wise to purchase uninsured/underinsured coverage if your state allows. This type of coverage pays for medical bills, lost wages, pain and suffering, etc. for you and your passengers if you