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Even though Tennessee requires all drivers to carry minimum liability insurance, many drivers are uninsured or underinsured. If you’re a driver in Tennessee, you are not required to have uninsured/underinsured motorist (UM/UIM) coverage. However, insurance companies are required to offer it. Agreeing to it can be one of the most valuable parts of your auto insurance policy.
In the unfortunate event of an accident with an uninsured or underinsured driver, UM coverage can be your financial lifeline, covering medical bills, lost wages, and other damages. Here’s why our Memphis personal injury lawyers at the Gold Law Firm believe uninsured motorist coverage is essential and why you especially need it if you frequently use rideshare services like Uber and Lyft.
The Prevalence of Uninsured Drivers in Tennessee
According to the Insurance Information Institute, Tennessee has one of the country’s highest rates of uninsured drivers, with an estimated 20% of drivers operating without insurance.
If you’re in a car accident in Memphis, there’s a substantial chance that the at-fault driver won’t have insurance to cover your medical expenses or property damage. Without UM coverage, you may pay out of pocket for your losses or deal with a drawn-out legal battle to recover compensation.
How Uninsured Motorist Coverage Works
Uninsured motorist coverage covers your damages when the at-fault driver lacks insurance. In addition to standard UM coverage, underinsured motorist coverage can help when the at-fault driver’s policy limits are too low to cover all your expenses.
UM/UIM coverage can help cover:
- Medical bills and rehabilitation costs.
- Lost wages from time off work.
- Pain and suffering from emotional or physical injuries.
Having adequate UM coverage means additional financial security if an uninsured or underinsured driver in Memphis injures you.
Why Rideshare Users Need Uninsured Motorist Coverage
If you’re a frequent Uber or Lyft passenger, you may assume that the rideshare company’s insurance fully covers you in the event of an accident. While Uber and Lyft provide some insurance for passengers, critical gaps can leave you financially exposed—especially if the accident involves an uninsured or underinsured driver. This is where uninsured motorist coverage on your auto insurance policy becomes invaluable. With UM coverage, you’re better protected, ensuring you can recover physically and financially after an accident—no matter who’s responsible.
Protecting Yourself and Your Finances with UM Coverage in Memphis
In a city with a high rate of uninsured drivers, having UM coverage is critical to protecting yourself on the road. Whether driving your car or using rideshare services like Uber and Lyft, UM coverage ensures you won’t be financially vulnerable after an accident.
Contact Our Skilled Personal Injury Attorney at Gold Law Firm
If you or a loved one is injured in a car accident in Tennessee caused by an uninsured driver, call David Gold. With over 165 five-star reviews, hundreds of client testimonials, and tens of millions in damages collected for clients throughout Tennessee, We can start on your case with no up-front fee or out-of-pocket expense. If there is no recovery, there is no attorney fee.
Call or text (901) 244-5003 or contact us online for your free consultation today.