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Originally Posted by _______
Your first point is dead on. No argument from me.
What Chad is talking about (u/m coverage) is, in fact, first party coverage. It covers your damages from an uninsured motorist.
I personally think he's mistaken about it being mandatory anywhere but I don't know the laws of every state so am open to being surprised. If it WERE mandatory somewhere then it would be an analog to required medical insurance.
But it's not required in California so I suspect I'm right about it not being required anywhere.
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I sold insurance years ago in several states. All those states required it to be attached to all liability insurance policies which all drivers are required to have at a minimum "liability" insurance. You have to keep in mind that not all states are "no fault" states. ND isn't. So if I am driving in winter and run into a parked car because of Icy roads and that car owner didn't have insurance, my insurance would cover his car damage. And if there were occupants in that car my uninsured motorist coverage would cover their injuries even though they didn't have insurance because they could ultimately sue me. It's cheap insurance. If I get in a wreck here in ND and it is determined the other guy is 100% at fault I don't even have to deal with my insurance company. Everything is submitted through the guilty party's insurance. And my rates don't go up from it. In states where there is "no fault" insurance, my rates would skyrocket even though I didn't have a damn thing to do with the crash aside from being an innocent recipient of a totaled out car.