Help Safeguard Your Agency
from Uninsured/Underinsured Motorists
Coverage Issues
by Tabitha L. DeGirolano, RPLU, CPLP
E&O Risk Management Specialist
Executive Commercial Lines Underwriter
Utica National Insurance Group
Issues surrounding uninsured/underinsured motorists are a common source of E&O claims against agents.
Navigating Uninsured/Underinsured Motorists (UM/UIM) Coverage placements can be challenging, especially if you write in numerous states. While the coverage is required in some states, the majority allow it to be rejected – and most states do not require Uninsured/Underinsured Motorists limits to be equal to the Bodily Injury/Property Damage (BI/PD) limits. Stacking is allowed in some states.
Your clients have 1 in 8 chance of being involved in accident with an uninsured driver.