What Types of Car Accident Insurance Do I Have? What Do the Numbers on My Policy Mean?
The coverage provided by an insurance policy is reflected, generally, in a separate document called a declarations page.
The number following the coverage description is the dollar amount of the maximum policy payout, i.e. “limits”
Personal injury and accident lawyers Attorney Eric T. Kirk in Baltimore MD see numbers like this every day. Typical “100/300” liability coverage means that the insurance company will provide coverage “up to” $100,000 in damages for personal injury caused by an insured person, and a maximum of $300,000 for any one accident if multiple people are hurt. The phrase “up to” is an important limitation in two ways. In no way does this obligate an insurance company to pay that amount, or anything at all, for that matter. Secondly, experienced lawyers that have handled cases that are more valuable than the policy limits know that collecting any amounts beyond the policy limits can be an arduous task.
What does UM/UIM 50/100 mean?
UM means uninsured and UIM means “underinsured”. These are two varieties of one coverage, commonly called “uninsured”. I’ve explored some of the details of this coverage in other guides. Experienced personal injury and accident lawyers know that the “50” is $50,000, the maximum uninsured benefits available to any one person injured, and that “100” is $100,000, the maximum per occurrence.
Coverage questions can be complex. I have handled thousands over the years. I extend a complimentary case analysis and opinion about their legal case to those that consult with me. Please call me today to arrange a meeting.
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- Baltimore Insurance Claims Denial Lawyer
For over three decades, I have battled against the nation’s largest insurance companies, always endeavoring to ensure my clients receive the compensation they deserve. As lead counsel in thousands of cases across Maryland, New York, and Florida, I have recovered millions for clients whose claims were wrongfully denied and delayed. Whether denying fair compensation for a personal injury victim or denying benefits to a homeowner, Insurance companies employ policy exclusions, technicalities, and lowball offers to deny and defeat claims. They also hire very good lawyers to fight you in court. So should you. When an insurance company unfairly rejects a claim, I stop them.
