SUMUM Coverage & It's Importance

Ask The Lawyer Radio Show with Attorney Brian Figeroux

Ask the Lawyer with Brian Figeroux, Esq. You have questions, we have answers on Immigration & Matrimonial Law, Wills, Estate & Trusts, Civil Rights, Personal Injury, Bankruptcy, Taxation, Equity Smart, Landlord & Tenant, Workers’ Compensation, Social Security Disability, Small Business Solutions, Non-Profits, Deed Transfers and Real Estate Transactions. We bring you the latest updates on the law and community issues.

law icon personal injury ny

SUMUM Coverage & It's Importance

SUMUM (Supplemental Under insured Motorist and Uninsured Motorist) coverage is an important part of your automobile insurance policy. This portion of your policy covers you and your resident relatives up to the amount of coverage you purchase.

This means that if the person who causes a car accident is uninsured, there is still coverage for you and your household relatives, up to the amount of coverage you purchase.

This also means that if the person who causes an accident is Under insured, there may be additional coverage available up to the amount of your rider.

Under insured Motorist coverage does not provide coverage in the amount you purchase – it means that you have coverage up to the amount you purchase. In other words, any coverage the at-fault party has is deducted from the amount you purchase.

For example, if the at-fault party has the New York State minimum liability coverage of $25,000, and you have a $100,000 SUM/UM rider, then the most you could ever recover is $100,000. In basic terms, it means that you have an additional $75,000 available, that you would not have had if you did not purchase the SUM/UM rider.

There are many situations where your SUM/UM coverage might be used – but again, this is coverage for you. Even if you have $100,000/$300,000 in liability coverage, it might not mean there is that much available for you. It is a good idea to make sure that you are properly covered.

Contact us to review your automobile policy coverage, so that we can explain how the coverage works, each coverage’s limitations, and how it might benefit you.

Calendar is loading...
- Available
 
- Booked

Full Name*:

Email Address*:

Phone Number*:

Choose Appointment Time*:

Referred By*:

Tell Us About Your Legal or Business Matter*:

Choose Method of Consultation*:

Set up your free evaluation with us today or refer a client!

Translate »