One term that many people are not familiar with is uninsured motorist property damage, also known as UMPD. This is an endorsement you can add to your policy if you have a vehicle with Liability Only. UMPD covers your vehicle if a driver with out insurance hits you and damages your vehicle. With this coverage you are subject to a deductible (usually $200 or $250) and it runs approximately $2 a month.
It is important to understand if you have this coverage or want this coverage. If your vehicle is Liability Only and you do not have UMPD and a driver with out insurance hits you and totals your vehicle, then you are out a vehicle. However, if you have UMPD and your vehicle is hit and totalled by an uninsured driver, your company will pay to fix or replace your vehicle. With 15% of drivers in Colorado not insured it is imperative to understand if you and your vehicle will be covered in case of an accident.
visit us @ http://www.cisforyou.com/ to get a free quote and make sure you and your vehicles are properly covered.
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