Nearly one-third of all vehicles on the road either have no insurance coverage or carry only the state-mandated minimums. In Oklahoma the minimum require amount of insurance is $25,000.00/$50,000.00, which means the maximum the insurance company will pay is $25,000.00 per person or $50,000.00 per incident. UM, or Uninsured Motorists, and UIM, Under-insured Motorists, are additional coverages you can purchase to protect you should you be involved in an accident caused by one of these drivers.
Uninsured Motorist (UM)
coverage protects you when the responsible party who is legally liable for the accident doesn't carry auto liability insurance and they've injured you or a passenger. Hit and run accidents are often paid under this coverage.
Nearly all states have laws that require automobile owners to purchase a minimum amount of insurance. Unfortunately, these limits are often too low to cover all of the costs that may add up in an accident.
Underinsured Motorist (UIM)
coverage provides you protection in an accident if the responsible party injures you or a passenger but doesn't have enough insurance coverage to fully pay for the medical bills and other damages.