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An uninsured motorist clause is a provision commonly found in United States automobile insurance policies that provides for a driver to receive damages for any injury he or she receives from an uninsured, negligent driver. The owner of the policy pays a premium to the insurance company to include this clause.
No-fault systems generally exempt individuals from the usual liability for causing bodily injury if they do so in a car collision; when individuals purchase "liability" insurance under those regimes, the insurance covers bodily injury to the insured party and their passengers in a car collision, regardless of which party would be liable under ordinary legal tort rules.
Uninsured motorist coverage typically comes in two types: Bodily Injury (UMBI), which covers medical costs, and Property Damage (UMPD), which pays for car repairs.
In Colorado, for example, it was estimated in 2009 that 15% of drivers were uninsured. [11] Usually the limits match the liability limits. [citation needed] Some insurance companies do offer UM/UIM in an umbrella policy. Some states maintain unsatisfied judgment funds to provide compensation to those who cannot collect damages from uninsured ...
Uninsured/underinsured motorist coverage: Covers you for damages caused by uninsured or underinsured motorists. In a few states, this may also cover you in the case of hit-and-run accidents. Some ...
Depending on the carrier, other optional coverage types may include roadside assistance, rental car reimbursement, new car replacement and gap insurance. Just like fingerprints are unique, so are ...
Breach - the breaching party is liable for any uninsured loss even though breach is unrelated to the problem. Hence, if the breach is the time of delivery, and the goods show up broken, then the breaching rule applies risk of loss on the seller. Delivery by common carrier other than by seller.
uninsured. Allow private insurers to bid on their coverage. This arrangement would provide health insurance for families while allowing purchasing pools to negotiate better prices for care31 Employer Mandate ! Shifts millions away from employer-based insurance into individual insurance marketplace32! Proposes shift from employer-based to