Unfortunately, not all drivers who use Montana's roads have auto insurance. Should you ever be involved in an accident with one of these drivers, you will likely have to pay for the damages yourself. This is why many people opt to add uninsured driver coveragee to their auto insurance policies. The policies are intended to provide compensation to those who are in accidents caused by drivers who lack coverage.
Uninsured motorist insurance is also known as uninsured motorist bodily injury insurance. This insurance can provide you and your passengers with coverage for lost wages, medical expenses and pain and suffering. UM insurance will also cover all occupants of your vehicle if you are struck by a hit-and-run driver.
In regard to the payment of claims, UM insurance typically has what is known as a "split limit." With a split limit, coverage for a single person injury accident differs from the coverage for accidents where multiple people suffer injuries. For example, if you are in an accident in which one person is injured or killed, the maximum payout may be $15,000. However, if multiple people are injured or killed, the maximum payout could be $30,000 total.
Understanding how insurance companies compensate policy holders can help you decide how much, if any, UM insurance you want to purchase. Hopefully, you will never have to use the coverage, but if you do, it could greatly offset the financial strains caused by the accident.
But even with this coverage, you may find that insurance companies will try to underpay or even totally forgo payment when you make a valid claim. If this ever happens to you, then you may wish to have an experienced Montana motor vehicle accident attorney represent your interests.