Uninsured and Underinsured Motorist Coverage in Montana
In Montana, as well as in most of the states, drivers are required to have auto insurance in order to legally operate a vehicle on the road. However, there are some drivers who choose to drive without insurance, which can lead to a variety of problems if they are involved in an accident. That is why uninsured and underinsured motorist coverage is an important type of insurance that drivers should consider purchasing.
Uninsured motorist coverage is an optional type of insurance that pays for damages and injuries that a driver may incur in an accident caused by another driver who does not have insurance. This coverage can also apply in hit and run accidents where the other driver cannot be identified or found. Even if the other driver is found, but they don’t have enough insurance to cover your expenses, this coverage can still apply.
On the other hand, underinsured motorist coverage is also an optional coverage that pays for damages and injuries that a driver may incur in an accident caused by another driver who does not have enough insurance to fully cover the damages.
It is important to note that uninsured and underinsured motorist coverage is not required in the state of Montana, but it is highly recommended for drivers to consider purchasing this type of insurance to protect themselves in case of an accident with an uninsured or underinsured driver.
When purchasing this coverage, you should be aware that the coverage amount will vary depending on the plan. Montana law requires insurers to offer Uninsured/Underinsured Motorist coverage with limits equal to the liability coverage purchased by the policyholder. However, you will have the option to purchase additional coverage if you want to.
It is also worth mentioning that if you're in a car accident and the other driver is at fault, you have the right to sue them for damages. Even if the other driver doesn’t have insurance, you can still file a claim against them. However, in this case, if you don’t have uninsured motorist coverage, you’ll be left to pay for any damages and medical expenses yourself, which can be a significant financial burden.
In conclusion, uninsured and underinsured motorist coverage is an important type of insurance for drivers to consider purchasing in Montana, as it can provide protection in case of an accident with an uninsured or underinsured driver. Although it is not a legal requirement, this coverage can save you from a significant financial burden in case of an accident. Drivers should be aware that this coverage is offered by the insurers and the coverage amount is not the same as liability coverage. It is recommended to read your policy carefully and discuss with your insurer to ensure you have adequate coverage.