WebThe uninsured motorist coverage shall provide an exclusion of not more than the first two hundred fifty dollars ($250) of loss resulting from injury to or destruction of property of the insured in any one accident. WebJan 25, 2024 · Uninsured/underinsured motorist coverage (UM/UIM) is an optional coverage in some states, and required in others. So what does uninsured motorist cover? It will help to pay your medical bills and the …
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WebMar 11, 2009 · The statute does not specify the persons who are entitled to UM/UIM coverage; however, the standard endorsement in effect since 1989 states that coverage is available to the named insured,... WebUIM coverage is designed to protect drivers who collide with a tortfeasor who does not have enough auto insurance to cover the cost of the driver’s injuries and damages. See § 66-5-301 (B); Crutcher at ¶ 5. In the U.S., UIM coverage statutes follow one of two policy theories: gap theory or excess theory (also known as floating layer theory). shared accommodation laws alberta
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WebMar 3, 2024 · Colorado. $25,000 bodily injury liability per person $50,000 bodily injury liability per accident $15,000 property damage liability per accident ... Uninsured/Underinsured … Web¶ 16 An insurer must offer UM/UIM coverage in an automobile liability or motor vehicle liability policy. § 10-4-609(1)(a); DeHerrera, 30 P.3d at 173–74. If the insured purchases UM/UIM coverage, then an insurer must provide those UM/UIM benefits when an insured person is “legally entitled to recover damages from WebThe personal automobile liability policy provided uninsured/underinsured coverage (hereinafter “UM/UIM coverage”) in the amount of $300,000 for each accident. ... Westfield Ins. Co., 2024-Ohio-1199.] for Uninsured Motorists Coverage and/or Underinsured Motor [sic] pool pump 1.5 hp inground