Did you know that approximately one in every seven U.S. drivers on the road has NO automobile insurance according to new estimates from the Insurance Research Council as of April 2011?
Uninsured Motorist Coverage in Commercial Truck Insurance
In the recent economic downturn there seems no reason that this estimation could not be higher toward the end of 2011. In these tough economic times it is essential that we take a look at our spending and see what could be eliminated or changed in our monthly budgets. Based on the statistic of uninsured drivers on the roads you want to make sure you stay protected with your commercial truck insurance by keeping or purchasing uninsured motorist (UM) and underinsured motorist coverage (UIM) at a reasonable price.
For just a minimal additional premium you could purchase up to $1,000,000 uninsured motorist coverage. Uninsured Motorist coverage provides coverage for damages which an insured is legally entitled to recover from another party who is considered at-fault for an accident, but is uninsured or underinsured for the level of damages. Covered uninsured motorist expense for you and your passengers include medical bills, lost wages, pain and suffering. If the at-fault driver can’t afford to pay out of pocket for the damages that insurance doesn’t cover, you’ll be left paying for them — unless you have Underinsured Motorist insurance, which covers situations in which the at-fault driver is underinsured. Uninsured Motorist insurance options vary widely by state including commercial truck insurance coverage options, available limits and mandatory requirements.
Whether you need Georgia truck insurance or located in another southern state give our licensed agents at J.E.B. Insurance Services, LLC a call so they can help you determine what options are available and what choices make sense for your truck business.
