What is Underinsured Motorist coverage (UIM)? Underinsured Motorist coverage is available in some states. This coverage helps protects you from at-fault drivers who cause a car accident and don't have enough insurance to pay for your injuries or damages. UIM is broken into the same categories as UM: bodily injury and property damage.What is the limit for unstacked UM / UIM coverage?
If your UM/UIM coverage is unstacked, your level of coverage equals the limit listed on your policy. Example: If your limit is set at $25,000, you’ll only receive coverage up to that maximum amount after an accident. If you only insure one car, unstacked coverage is your only option.What does it mean to stack UM and UIM?
Also, some states forbid you to have UM/UIM coverage limits higher than those of your liability insurance if you do not get stacked coverage. That means that stacking your coverage lets you increase your UM/UIM limits without increasing your liability coverage .Is the UIM explanatory form part of the insurance contract?
First, regarding the UIM explanatory form, the Court held that the form was not one of the documents listed in the policy as part of the insurance contract and, therefore, the form was not part of the insurance contract. Next, the Court rejected Elliott’s claim that the Geico policy was ambiguous.