Furthermore, in addition to UM coverage, more than thirty states have enacted statutory requirements "that mandate underinsured motorist insurance which affords more extensive coverage than that required by both the original uninsured motorist insurance legislation and the statutes that required supplementary uninsured motorist insurance." (96) UIM coverage "provide[s] additional coverage for those injured by a negligent motorist where that motorist's liability coverage does not fully pay for the injured party's actual damage." (97) Rather than insuring a particular vehicle, UIM coverage "is floating insurance that follows the insured." (98) There are two main categories of UIM insurance statutes, although not all states have such statutes.
(96.) WIDISS & THOMAS, supra note 91, [section] 31.5 ("Underinsured motorist insurance was developed to address (1) the inadequacies of uninsured motorist insurance...
In the Florida Bicycle Accident Handbook, Dodson covers important safety issues such as how accidents happen; how medical bills can be paid after a crash; 8 steps for a cyclist to take after an accident and how
uninsured motorist insurance protects cyclists and is critically important for every cyclist to carry on their own auto policy.
Uninsured motorist insurance and underinsured motorist insurance can vary by state and are sometimes optional.
An alternative approach for consumer procurement of basic limits of
uninsured motorist insurance has been presented.
Motorists would have to be notified as to the existence of
uninsured motorist insurance under legislation introduced by Assemblyman Philip B.
Dodson stressed the importance of carrying
Uninsured Motorist insurance (UM).
Uninsured motorist insurance generally has a minimum upper limit similar to that of the state's minimum for bodily injury liability.
Purchasers of
uninsured motorist insurance should note, though, that it only provides protection for bodily injury damages in most states.