If you are in a car accident that causes you to have total damages for injuries and lost employment in the amount of $550 000. If you have underinsured motorist coverage and the other driver who is at fault only has coverage for $500 000, what will you be able to claim?

Question

Quizplus · Accepted Answer

Since the other driver only has coverage for up to $500,000, they will only be able to pay that amount. However, since you have underinsured motorist coverage, your own auto insurance company will cover the remaining $50,000. Therefore, the other driver's insurance company will pay $500,000 and your auto insurance company will pay $50,000, for a total of $550,000 in coverage.

If You Are in a Car Accident That Causes You