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Don’t get caught driving without it.
Uninsured motorists and underinsured motorists coverage, commonly referred to as “UM/UIM” coverage, provides you with bodily injury protection in an auto accident caused by another party who has low or no limits of liability. If you sustain bodily injury in an accident, and the other party is at-fault, your UM/UIM coverage can help fill in gaps for medical expenses and other compensatory damages.
Driving with insurance is the law, but it doesn’t stop people from driving without it.
Everyone has car insurance since it’s the law, right? Wrong. You would be surprised to learn that even your next-door neighbor could be driving without insurance. Some states have systems that electronically track your insurance coverage, and if canceled or lapsed, they’ll impose harsh fines and penalties. Other states may have vehicle owners sign a form stating they are financially responsible for causing injury or damage, but they don’t have to prove they have coverage. In some states, there is no completely safe way to make sure everyone maintains insurance. Because others aren’t covered, we have to protect ourselves. Those who have insurance may have the minimum limits required by their state, or even let their policies cancel because of the cost. These actions put every driver at risk for out-of-pocket medical expenses.
Health insurance might not cover all expenses
What do you mean my health insurance won’t cover everything? Having health insurance is important, but don’t be blindsided by thinking it will cover all medical expenses when you’re in a car accident caused by an at-fault party. Severe accidents can diminish your skills, abilities and quality of life, which may result in ongoing rehabilitation or lifetime care costs. Additionally, loss of income, pain and suffering are all things that may be covered by your UM/UMI coverage, which are not offered through health insurance.
The personal risk advisors at Oswald Companies are prepared to consult with our clients on their ever-changing coverage and risk management needs.
Contact us for a full review of your insurance needs.
About the Author:
Dan Gordyan serves as an Operations Leader in the Personal Client Management Practice, providing strategic management of Oswald’s team of service professionals. Dan is skilled at designing innovative insurance solutions, which are aligned to meet the best interests of his clients.
This story originally posted in 2018 and was updated in 2025.
