If You have Motorcycle UIM Coverage: You Need to Check What Your Really Have
If you are a motorcyclist in Minnesota you must review your insurance policy. In particular you need to review your UIM (Underinsured Motorist ) coverage.
UIM is the coverage you buy to protect yourself over and above the coverage of the at-fault party. For example, if you are injured by a car in Minnesota which carries the state minimum limits of $30,000 in liability. If your injuries, medical bills, and wage loss are beyond that coverage, you would turn to your UIM for additional protection.
In Minnesota, UIM is not a mandatory coverage on motorcycles . On cars it is. The difference is that for cars the UIM is always a add on coverage. You add your UIM amount to the coverage of the at fault driver. But, on a motorcycle that is not always the case.
There are some companies selling difference of the limits UIM coverage for motorcycles. That means you can only receive the amount of UIM coverage you purchased, after the amount that the other party pays is deducted. Using our example from above: the other party pays $30,000, you have $30,000 in UIM. You receive $0 in additional coverage. If you had $50,000, in UIM, you would really have $20,000. Therefore, you are not getting the coverage you paid the premium for. Make sure you check you policy before it becomes important.
So to be safe-
- Check every one of your coverages.
- Make sure you have UIM and No Fault .
- Make sure you are getting what you paid for with the coverages.
If you still have questions, give us a call and we can look at your policy and make sure you are protected.
Originally posted at InjuryBoard by Mike BryantBUCKFIRE & BUCKFIRE, P.C. is a Michigan personal injury law firm and is not representing any of the parties mentioned in this article at the time of the posting of the article. The information contained in this article is from online news sources and any perceived misstatements should be attributed to those sources as we did not complete any investigation of the accident. If you believe that the information is inaccurate and would like it changed or would like this post completely removed from the site, please let us know and we will do our best to promptly accommodate your request. We are very sensitive to these requests.
If you were involved in this accident or a similar accident and have questions about your legal rights and options, it is important that you contact a reputable law firm. Please make sure that any Michigan law firm that you contact has significant experience in handling these types of accident and injury cases and has an excellent track record of successful settlements and jury verdicts. We also suggest that the attorney you contact provides you with a free initial consultation.
Posted August 26th 2011 to Michigan Motorcycle Accident News,Motorcycle Accidents
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