Underinsured motorist is when the person at-fault does not have enough insurance to pay for the damages to someone car or injuries.
Let's say someone has $25,000 in property damage coverage on their liability coverage and they hit and total a $50,000 Mercedes. They are underinsured and the owner of the Mercedes can file on their own policy, through the underinsured motorist coverage, to pay the difference.
In this case, the insurance company is just trying to get away with paying as little as possible..
I thought there was an item called underinsured motorist that took over for that
hummingbird this is a landlord/homeowners claim...also not all people carry UIM, in fact I think only a couple of states require it. But you are correct if it were an auto claim, and if it were an excess claim, and if the injured party had UIM, it would apply _________________ Have you been helped by a poster? Do you want to show your appreciation? YOU CAN !! Just simply click on the donate button and send them some coin!
Let's say someone has $25,000 in property damage coverage on their liability coverage and they hit and total a $50,000 Mercedes. They are underinsured and the owner of the Mercedes can file on their own policy, through the underinsured motorist coverage, to pay the difference.
I think you've got some things turned around...if the pd coverage was too low the mercedes owner would use their 'collision' coverage, if however the at fault person's bi limits were 25 and their injury 50k then they could use their UIM, I've never seen a UIM coverage that applied to anything other than injuries (not physical damage)...I could be wrong and there may be a state that does allow it...I've just not seen it........yet.... _________________ Have you been helped by a poster? Do you want to show your appreciation? YOU CAN !! Just simply click on the donate button and send them some coin!
