The possibility of being hit and injured badly by an uninsured driver cannot be ignored or taken lightly. This is why you need to have UM and UIM auto insurance coverage. If you have these two as part of your auto insurance you can be free from the risk of having to incur heavy expenses on medical expenses as well as vehicle damages when hit by such drivers. When you cannot recover the money from the other driver because he has no insurance altogether or has insurance but it is inadequate, your own UM or UIM will take care of it. Uninsured motorist coverage and underinsured motorist coverage are two types of auto insurance. Most states in the US do not require the drivers to have them. This is the reason most of the people wonder if it is necessary to buy the UM and UIM coverage.
Though they are not mandatory, they do provide significant value preventing huge financial loss for you. Even if you are a responsible and good driver and never had any accident, the sad truth is that other drivers are not like you. So the likelihood of you getting involved in a road accident is always there. This is not something you can prevent from happening.
The possibility of being hit by an uninsured driver cannot be ignored and so your need to have UM and UIM auto insurance coverage. You may also be involved in a hit and run accident and the other driver’s cannot be identified. If you do not have UM, you may end up meeting the huge costs of injuries and damages. Even if the other driver has insurance, (most drivers carry minimum liability coverage) it may not be adequate if your losses are greater than his policy value. In this case your own UIM will pay for the costs involved that is left after his policy limit. So to be protected against the unknown while driving that you do everyday, it is better to have protection.
The cost of UM and UIM is small compared to the benefit they offer.