Protect Your Family From Underinsured Drivers

Insurance AdjusterIf you own and operate any type of vehicle, it may be a good idea to protect yourself from uninsured and underinsured motorists by including sufficient Supplemental Underinsured Motorist and Uninsured Motorist coverage (SUM/UM) in your policy. In fact, it is mandatory in the state of New York. It is up to you to decide on the amount of coverage that your policy will provide, however, as you are only required to purchase minimum liability coverage for uninsured motorists. At Lurie, Ilchert, MacDonnell & Ryan LLP, we would like to ensure that you and your family are adequately protected in the event of an accident. For this reason, we encourage you to learn more about the benefits of SUM/UM coverage.

What is SUM/UM Coverage?

So how does SUM/UM coverage work and why is it important? Well, this portion of your policy would cover you and your residential relatives up to the amount of coverage that you have purchased. This means that you would have access to that amount of coverage after an accident with an uninsured or underinsured motorist, but also that the at-fault driver's insurance coverage would be deducted from that total amount—if they have any, that is. For example, if you had purchased $100,000 in SUM/UM coverage and you were subsequently involved in an accident with a driver who had only purchased the New York State minimum liability coverage of $25,000, an additional $75,000 would be available to you.

Had you not purchased SUM/UM coverage, you wouldn't have had access to this supplemental coverage—which, in many cases, is quite necessary. There are many instances in which this coverage could be used, including hit and run accidents, so it is important to make sure that you and your family are adequately protected.

New York City Car Accident Attorneys

If you are interested in having an attorney at Lurie, Ilchert, MacDonnell & Ryan LLP review your automobile policy, we encourage you to give us a call today for a free initial consultation. In doing so, we will have the opportunity to explain how SUM/UM coverage works, what limitations each policy could have and how it will ultimately benefit you.