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Uninsured motorist property damage coverage (UMPD) ... For example, if your car needs $700 in repairs but you have a $500 deductible, you may determine that a $200 payout is not worth it if your ...
Uninsured motorist coverage typically comes in two types: Bodily Injury (UMBI), which covers medical costs, and Property Damage (UMPD), which pays for car repairs.
When insuring a leased vehicle, your leasing company will typically require you to carry a minimum of $100,000 per person and $300,000 per accident in bodily injury coverage and $50,000 in ...
Most states require a victim to sue the uninsured motorist (or a fictitious John Doe hit and run driver when litigating the second category of uninsured motorist claim) for his injuries in order to prevail on a breach of contract action against the insurance carrier. Some states, such as Virginia, require that the victim actually obtain a ...
The first two numbers seen are for medical coverage. In the 100/300 example, the policy will pay $100,000 per person up to $300,000 total for all people. The last number covers property damage. This property damage can cover the other person's vehicle or anything that you hit and damage as a result of the accident.
Coverage example. You run a red light and hit another vehicle. The driver in the other vehicle suffers a broken leg, and his medical bills amount to $15,000. ... Uninsured motorist property damage ...
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