Trade Nivesh Equity Hit

Uninsured/underinsured
This form of coverage, abbreviated as UM/UIM, covers you if you are hit by someone who has inadequate liability coverage, either because they don't have enough coverage or they don't have coverage at all. The other party must be at fault, however. The insurance company pays for bodily injury losses. It typically does not pay for property damage to your vehicle because collision coverage takes care of that. UM/UIM also pays you if you are struck by a hit-and-run driver.

Even though your insurance company will cover your medical bills, it may also sue the other party for damages. Loss of use coverage reimburses you for the inability to use your vehicle if it is being repaired for an insured loss. An example covered expense is a rental car.