Underinsured Motorist Coverage

Be Smart with Underinsured Motorist Coverage

Many people in North Dakota don’t carry enough bodily injury insurance. This makes them underinsured. The minimum required for North Dakota is $25,000 per person and $50,000 per accident. This means that this is what you should pay to somebody else. What you don’t realize is that with this low limit if someone runs into you with policy limits that are too low you could be doing yourself a disservice.

North Dakota lets you have uninsured/underinsured motorist coverage for whatever amount you choose to purchase. If your UIM coverage matches the amount of coverage or is less than the amount of coverage that the at fault driver has, you can’t make a claim against your insurance company.

For example, if your claim is worth $150,000 and the person who hit you had $100,000 in coverage, all you can collect is that $100,000 from the person who hit you. If your insurance coverage is $100,000 or less, you are unable to go after your own company. However, if you had a $150,000 policy limit, you could ask your company to pay you $50,000 of UIM coverage. This extra coverage should be looked into.

If you have questions regarding this matter, contact me at Larson Law Firm, P.C.