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Underinsured motorist coverage is not necessary. Is that what your agent told you? Well think again. Underinsured motorist coverage may be the most important purchase of your life. Here’s why.

If you are involved in a wreck that is not your fault, often the wrongdoer does not have enough insurance to cover all the injuries they caused. That is when underinsured insurance comes into play. Underinsured insurance or UIM pays for your injuries over and above what the wrongdoer’s policy provides.

Look at this example. Suppose a person is in a serious wreck. The person has broken bones, a brain injury, and has to be in the hospital for two weeks. The wrongdoer who ran a stop sign only carries minimum insurance of $25,000. That is not enough to begin to cover their medical expenses. But if they have underinsured motorist coverage, it will pick up the rest of the damages up to its limit of coverage.

So when your agent says you don’t need UIM coverage, ignore that advice and purchase as high a limit of UIM as you can afford.

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