FAQ: What Is Uninsured Motorist Coverage and Who Needs It?

Here is an excerpt from a new blog post at GreggMarcus.com:

The Insurance Research Council estimates that one of every 20 motorists on the road in New York is uninsured. The declining state of the economy has led many drivers to stop paying for their car insurance. In this post, Gregg S. Marcus, a Long Island Insurance Executive  answers this common question about Uninsured Motorist (UM) coverage.

Uninsured Motorist coverage protects motorists and their passengers from other drivers who drive illegally without insurance. New York state law requires all motor vehicle insurance policies include uninsured motorist coverage. Every motor vehicle registered in the state must carry personal injury liability insurance with coverage amounts of at least:

1. For one person injured in an accident: $25,000
2. For all of the persons injured in an accident: $50,000
3. For property damage in an accident: $10,000

If a driver fails to keep this amount of coverage, they will be underinsured.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.