What are PIP, UIM, and UM? Insurance Policy Acronyms Explained

When looking at your insurance policy, you may notice some unfamiliar acronyms. Some insurance policy acronyms that often need explaining are PIP, UIM, and UM. This is what they stand for:

Personal injury protection, or PIP, is an extension of car insurance that covers medical expenses and, in some cases, lost wages and other damages. It usually costs around $5,000, although you can purchase more. PIP is designed to be paid without regard to “fault” or legal liability.
UIM stands for underinsured motorist and is an auto insurance policy provision that extends coverage to include property and bodily damage caused by a motorist with insufficient insurance. Underinsured motorist coverage is designed to provide the injured party with compensation above what is allotted by the at-fault party’s policy.
UM stands for uninsured motorist coverage and is an automobile insurance policy that provides for a driver to receive damages for any injury he or she receives from an uninsured, negligent driver.
If you have been in an accident and you are unsure if there is insurance coverage, call us today and let us help you.


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