What does Um sum mean?
Asked by: Elsie Gutmann | Last update: December 27, 2025Score: 4.9/5 (5 votes)
What is the difference between UM and sum?
In the case of UM/SUM car insurance, while UM is mandatory coverage, SUM is considered optional coverage.
Is it good to reject uninsured motorist coverage?
Cancelling uninsured motorist insurance is a bad idea. Some people are uninsured for a very good reason, and you should not feel comfortable sharing the road with them. I would not want to risk my health and safety of myself or passengers, or my vehicle.
Is it better to have collision or uninsured motorist coverage?
Here's why: Medical Expenses: Collision and comprehensive coverage do not pay for your medical bills. UM coverage can cover medical expenses, lost wages, and pain and suffering if you're hit by an uninsured driver.
What is the UM coverage in NY?
In NY, the minimum bodily injury liability is only $25,000 per person and $50,000 per accident. The base UM coverage you're required to have by law only covers you within the state of New York. SUM protects you and your family anywhere in the United States, its territories and Canada.
Personal Auto Policies Part C: Uninsured Underinsured Motorist on the Insurance Exam
Can you reject UM coverage in New York?
Uninsured motorist ("UM") coverage in New York State is mandatory.
What insurance starts with UM?
Uninsured motorist insurance protects you if you're in an accident with an at-fault driver who doesn't carry liability insurance. Underinsured motorist coverage steps in when you're in an accident with an at-fault driver whose liability limits are too low to cover the medical expenses of any injured people.
What is the disadvantage of uninsured motorist coverage?
Some cons to consider include: Additional cost: Adding uninsured motorist coverage to your policy typically increases your insurance premium, which can be financially burdensome. It is important to weigh the benefits against the added cost and your budget.
Will insurance go up after uninsured motorist claim?
This is because when you cause an accident and have to make a claim to pay for damages caused to other people, your rates typically do increase. However, under California's proposition 103, insurance companies are not allowed to raise rates or drop a person because they made an uninsured motorist claim.
Do I need uninsured motorist coverage if I have full coverage?
California law does not require you to carry uninsured motorist (UM) or underinsured motorist (UIM) coverage—so, legally, you don't need either one. However, UM/UIM is an important and commonsense coverage to carry.
Does uninsured motorist cover your deductible?
Collision coverage will pay for the damage to your vehicle (less the amount of your deductible), and when the loss is caused by an uninsured motorist, your collision deductible waiver coverage will reimburse or waive the deductible payment.
Do insurance companies go after uninsured drivers?
While insurance companies may pursue uninsured drivers to recover claim costs, the process can be complex and time-consuming. Uninsured drivers involved in accidents should seek legal counsel promptly to protect their rights and explore possible compensation avenues.
What is reduced by uninsured motorist coverage?
Reduced uninsured motorist or underinsured motorist auto insurance fills in the gaps when there is not enough or no coverage for the at-fault driver and covers you up to an equal amount of your policy.
What does personal injury protection insurance cover?
PIP helps cover your medical expenses, regardless of who was at fault for an accident. It can cover things like ambulance bills, emergency room charges, follow-up medical visits, lost wages, prescriptions, and transit to and from your appointments.
What is the sum and the difference?
The outcome of adding two or more numbers gives the sum. The outcome of subtracting the two numbers gives the difference. The outcome of multiplying the two or more numbers gives the product.
Which is better collision or uninsured motorist?
Deductibles: Collision coverage often comes with a deductible you're responsible for paying out of pocket before your insurer pays the rest. Uninsured motorist coverage usually has no deductible, making it a preferable option for immediate, out-of-pocket expenses.
Do uninsured motorist claims go against you?
If you have an accident that is not your fault and then make a UM/UIM claim for that accident, you are within the two events allowed under this code section. The insurance company cannot raise premiums, cancel coverage or refuse to renew your policy.
How much does it cost to add uninsured motorist coverage?
Uninsured motorist coverage costs around $50-$75 annually for bodily injury and property damage coverage. Like any type of car insurance, uninsured motorist premiums vary based on the policyholder's risk factors and how much coverage they purchase.
What is the best amount of uninsured motorist coverage?
I always recommend buying Uninsured Motorist coverage up to an equal amount with your third-party liability coverage, if you can afford it. This means, if you have $100,000 in liability coverage, you should buy $100,000 in Uninsured Motorist coverage.
How to protect yourself from an uninsured motorist?
One of the best ways to protect yourself from uninsured and underinsured drivers is to be sure you have enough of the right coverage, including uninsured and underinsured coverage, and high enough limits yourself.
What is the difference between uninsured motorist stacked and unstacked?
Stacked car insurance allows policyholders to combine the UM/UIM coverage limits for multiple vehicles on the same policy, providing potentially higher coverage limits. Instead, unstacked car insurance does not aggregate limits across vehicles on the policy and will potentially have lower premiums.
What is the deductible for uninsured motorist coverage?
The amount of your UMPD deductible will vary based on your state. It usually falls in between $100-$1,000. Note that some states may have a separate deductible for hit-and-run claims. You may not have the option to choose your deductible amount for UMPD coverage.
What is the UM claim?
Uninsured motorist coverage protects you if you're hit by a driver who has no auto insurance. Underinsured motorist coverage, which is usually offered alongside uninsured motorist coverage, protects you if you're hit by a driver who doesn't have enough coverage to pay for the damages or injuries they caused.
What is the difference between UM and UIM?
Both coverages are important for full protection. UM is essential if you're concerned about uninsured drivers, while UIM protects you in situations where the at-fault driver has low insurance limits. Consider both to ensure you're fully covered.