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Many people buy an inadequate amount of liability insurance coverage — not nearly enough to cover the damage done by most collisions. Underinsured Motorist Coverage (UIM) is necessary because of the skyrocketing costs of medical care and the high costs of vehicle repair / replacement. UIM is optional, typically not required by law, but it can be a financial lifesaver.

UIM is similar to gap insurance. It provides another layer of protection. It will help cover the costs that medical insurance or the at fault driver’s insurance does not pay due to limits. The coverage may include:

• Medical expenses
• Property damages
• Lost wages

In Minnesota, there is no stacking of policies allowed and the payment of UIM is less the amount already paid by the insurance policy of the at fault party. See Minnesota Statutes 65B.49

Dealing with insurance companies on your own is intimidating and a David vs. Goliath scenario if you do not have an experienced Minnesota Car Accident Lawyer on your side. Insurance companies are in the business to make money. Their attorneys are already at work on your case searching for loopholes and any reason to reduce, deny, or defend against your claim.

Are you still recovering from a car accident? Contact a Minnesota Car Accident Lawyer at 612-362-0000. Our attorneys are excellent at establishing fault and proving liability.

Tags: Minnesota Car Accident, Minnesota Car Accident Attorney, Minnesota Car Accident Lawyer, Minnesota Insurance Issues, Minnesota UIM