Safeguard Your Trucking Business against Uninsured Motorists!

Are you equipped with UM/UIM insurance coverage for your commercial equipment? If you're uncertain, reach out to your insurance agent. Here's a breakdown of the common acronyms and their meanings:

UMPD: Uninsured Motorist Coverage for Property Damage

UIMPD: Underinsured Motorist Coverage for Property Damage

UMBI: Uninsured Motorist Coverage for Bodily Injuries

UIMBI: Underinsured Motorist Coverage for Bodily Injuries

Should I Consider Obtaining UMPD and UMBI Insurance Coverage for My Equipment?

In today's world, countless motorists are driving with inadequate or no insurance. It's prudent to include UM/UIM coverage in your trucking insurance policies. Consult your commercial insurance agent to gain clarity on the specific coverage that safeguards you and your assets from uninsured and underinsured drivers on the roads. Considering the significant benefits it offers, this additional coverage may not be excessively expensive.

Can You Provide an Example of the Advantages of Having Underinsured Property Damage Coverage?

Let's consider our client, Jeffrey, who was involved in a traffic accident with a young driver who carried only $10,000 in insurance coverage. This presented a problem since the total claims amounted to $40,000, including $10,000 for repairs and $30,000 for lost income during the downtime of his expediting business. The young at-fault driver's insurance company agreed to pay the policy limits of $10,000, but this amounted to just 25% of the overall claims.

What options did Jeffrey have? He contacted his insurance agent and attorney for guidance. Jeffrey learned that his policy included Underinsured Property Damage coverage. Consequently, Jeffrey filed a claim with his own insurance company for the $30,000 in losses that the at-fault driver's insurance wouldn't cover. As a result, Jeffrey received full compensation for the repairs and lost income while his equipment was being repaired. Thanks to his UIMPD coverage, Jeffrey was made whole again.

How Can I Immediately Shield My Business?

Take a proactive approach by discussing your concerns with your commercial insurance agent before another accident occurs. Request a quote for UMPD, UIMPD, UMBI, and UIMBI coverages. Considering the multitude of drivers on the road with insufficient insurance, it's your

responsibility to protect your business and your loved ones from potential financial risks that could have been avoided.

What if I Need Legal Help on a UM or UIM Claim?

Look for an attorney who understands the expedited trucking industry and is skilled at handling commercial insurance claims. Consider hiring an attorney who works on a contingency fee basis, meaning you only pay a fee if the attorney collects money for you.

The information in this article is general in nature and does not constitute legal advice.

For more information, visit DowntimeClaims.com or call 904-278-7688.