Quote:
Originally Posted by keakar
I heard it directly from directly from Dave Millet of Dave Millet Ins. Agency (certified state farm agent) when they sold me the policy.
adding UM eliminates the exclusion which is why it is called UM, also UM covers property damage, vehicle damage and medical damages not just medical.
I did not mean it covers the other boat like that, I meant it covers you in the event the other boat has no coverage, then your UM kicks in and covers your damages and medical expenses if they have no coverage of their own you can file against.
according to state farm if you have uninsured motorist coverage on your vehicle it covers all persons and vehicles involved in the accident that are not covered by their own insurance policy or have very limited coverage.
in short if you loan your truck to bubba to go get chips and dip for the big game and he gets in a wreck in your truck he has no insurance coverage and is an uninsured driver so your uninsured driver coverage protects you from the damage he causes and him suing you for medical costs if he is hurt. without uninsured coverage you would be 100% on the hook for everything and not be covered by insurance at all and have to pay everything out of your pocket.
if you loan your vehicle to someone not listed as a driver they are only covered under the uninsured motorist limits if you have UM but if your policy doesn't have UM then they are not covered
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You might want your agent to explain UM and UMPD to you one more time because that's not exactly how it works. UM is ONLY for bodily injury in the event that he third party doesn't have enough or no liability coverage. UM doesn't pay for ANY property damage. UMPD; uninsured motorist property damage with deductible will pay for property DAMAGE ONLY if the third party has NONE. If you borrow Jude's truck to fetch some beer and wreck it the claim is ALL on his policy. Some policies forbid casual use but most A companies allow but still ding the original owners record. I haven't seen a marine policy that has UMPD but I digress.