Uninsured Motorist Coverage

Elite Insurance and Beyond: The Best Option for Uninsured Motorist Coverage

18-wheelers and other commercial trucks are dangerous vehicles. Data from the U.S. Bureau of Labor Statistics shows that driving a tractor-trailer topped the list of deadliest jobs in 2018. However, truck companies typically carry only minimum levels of uninsured and underinsured motorist (UM/UIM) insurance, leaving their drivers vulnerable in the event of an accident caused by a negligent uninsured driver.

The Importance of UM and UIM Coverage

Truckers need to protect themselves from the dangers of the road by carrying high limits of UM/UIM coverage. UM coverage protects you in case you are involved in an accident with a person who is not covered by liability insurance or who does not possess sufficient liability insurance to pay for the injuries and damages caused. On the other hand, UIM coverage compensates for the injuries and losses caused by a driver who has insufficient insurance coverage to pay for all injuries.

Elite Insurance and Beyond: The Best Option for Uninsured Motorist Coverage

Elite Insurance and Beyond offers a comprehensive Uninsured Motorist Coverage policy to ensure truckers are financially protected in the event of an accident. Their policy includes:

• Uninsured Motorist Bodily Injury Insurance Coverage (UMBI): This policy covers damages caused by a driver who is uninsured and compensates for medical expenses, wage loss, and pain and suffering.
• Underinsured Motorist Insurance Coverage (UIM): This policy compensates for the injuries and losses that are caused by a driver who has insufficient or little insurance coverage to meet compensations of all injuries.
• Uninsured Motorist Property Damage Coverage (UMPD): This policy covers damages caused by an uninsured driver to properties, including personal property and vehicles.

Elite Insurance and Beyond allows truckers to select their preferred coverage limit to establish the maximum amount of coverage their insurance company pays in terms of compensations. They also offer a combined single limit or split limit to determine the maximum payout per accident or person.

Given the widespread lack of UM/UIM insurance for truckers, it is important to carry high limits of UM/UIM coverage to protect yourself and your family. Elite Insurance and Beyond offers the best option for uninsured motorist coverage to ensure truckers are financially safe in the event of an accident. Protect yourself today by contacting their licensed agents to determine the coverage options that are right for your business.