Know the Difference: Uninsured (UM) vs. Underinsured (UIM) Motorist Coverage
UM and UIM coverage in Nevada are typically sold together as a package. The additional coverage provides a comprehensive safety net for Las Vegas drivers in case of accidents involving uninsured or underinsured motorists. Let’s break down the difference between UM and UIM coverage.
Uninsured Motorist (UM)
UM coverage protects you when the driver who caused the accident has no car insurance. It acts as a safety net, covering your medical expenses, lost wages, and pain and suffering after an accident with an uninsured motorist.
Underinsured Motorist (UIM)
UIM coverage protects you when the at-fault driver has some liability insurance, but their coverage limits aren’t enough to compensate you for all your accident-related losses. Think of it as a bridge that fills the gap between the at-fault driver’s limited coverage and the total amount you deserve for your injuries.
Bridging the Coverage Gap
Nevada takes protecting drivers seriously. All insurance companies operating in the state are mandated to offer UM/UIM coverage. While purchasing such a policy is optional, it’s a savvy move for Las Vegas drivers, considering the high number of uninsured motorists on our roads.
Here’s a quick rundown of crucial UM/UIM coverage points in Nevada:
- Minimum coverage limits. Nevada law requires insurers to offer UM/UIM coverage with minimum limits that match your bodily injury liability coverage. The minimum coverage in Nevada is $25,000 per person for bodily injury and $20,000 for property damage.
- Stacking. You can significantly increase your total coverage amount by combining the UM/UIM coverage from multiple vehicles insured under the same policy. However, your recovery may not exceed the limits of your respective policy.
Working with an uninsured motorist coverage lawyer is the best way to ensure you receive the compensation you deserve.
Why You Should Be Cautious When Talking to Your Insurance Company
Insurance companies are skilled at gathering information and using your statements against you. Here’s why you should tread lightly when talking to them directly about a UM/UIM claim:
- Anything you say can be used against you. Insurance companies may record your conversations and use your statements to find loopholes to deny your claim. It’s best to avoid saying anything that could jeopardize your case.
- They may try to pressure you into accepting a lowball offer. Insurance companies often try to settle UM/UIM claims quickly and for less than you deserve. They may use tactics like downplaying the severity of your injuries or pressuring you to accept a quick settlement before you understand the total value of your claim.
Consulting with an uninsured/underinsured motorist claim attorney can increase your chances of having a successful claim. Our experienced personal injury lawyers are here to assist you so you don’t have to face big insurance companies alone.
UM/UIM Claim FAQs: Answers for Vegas Drivers
1. How Long Do I Have to File a UM/UIM Claim?
In Nevada, you generally have two years from the accident date to file a UM/UIM claim with your insurance company. Notify your insurance company as soon as possible after the accident.
2. What Evidence Do I Need for a UM/UIM Claim?
Strong evidence improves your chances of a successful UM/UIM claim. Some important documents to gather are police reports, medical records documenting your injuries, proof of lost wages, and witness statements.
3. How Much Does an Uninsured/Underinsured Motorist Claim Lawyer Cost?
Many personal injury attorneys, including those working on UM/UIM claims, work on a contingency fee basis. You won’t have to pay anything upfront. They get paid only if they win your case, and their fee is typically a percentage of the settlement you receive.
Don’t Get Stuck in Neutral: Friedman Injury Law Shifts Your UM/UIM Claim into High Gear
At Friedman Injury Law, you’re more than just a case number. We are a boutique firm that provides direct communication and will keep you informed and empowered throughout the process. Blake Friedman is a personal injury attorney who has personally suffered from accident injuries. He is compassionate and sympathetic because he has been in your shoes. You need an uninsured motorist coverage lawyer who will relentlessly pursue the compensation you deserve. Don’t settle for the ordinary. Contact Friedman Injury Law today for a free consultation. Let us handle the fight while you focus on recovery.
