What is the minimum amount that insurers may not sell or provide for underinsured motorist coverage?

Underinsured motorist coverage is designed to protect individuals in the event they are involved in an accident with a driver whose insurance is insufficient to cover the damages incurred. In Indiana, the law mandates a minimum level of underinsured motorist coverage that all insurers must offer to their policyholders.

The minimum amount that insurers cannot sell or provide for underinsured motorist coverage in Indiana is set at $50,000. This ensures that policyholders have a basic level of protection in the event they suffer injuries or damages caused by an underinsured motorist. By establishing this minimum requirement, the law aims to ensure that consumers are adequately protected and can access sufficient funds to cover their medical expenses, lost wages, and other damages that may arise from an accident.

This legislative measure reflects the commitment to consumer protection and ensures that drivers in Indiana are not left with inadequate coverage when facing the financial repercussions of an accident involving underinsured drivers.