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Shreveport Injury Lawyer > Blog > Auto Accident > What is the Difference between Uninsured Motorist Coverage and Uninsured Motorist Economic Only Coverage?

What is the Difference between Uninsured Motorist Coverage and Uninsured Motorist Economic Only Coverage?


There are many different types of insurance policies. Understanding what kind of coverage you need can help you be sure you are properly covered and not paying for coverage you do not need.

What Is Uninsured Motorist Coverage?

Uninsured motorist coverage is a type of insurance you can add to your standard car insurance. Some states require this type of coverage. In Louisiana, drivers are not required to carry uninsured motorist coverage but companies are to include the coverage in insurance packages. A buyer can reject it, if they would prefer.

If you have UM coverage and are in an accident with an uninsured driver, your uninsured motorist coverage will assist with the expenses you incur as a result of the collision.

The amount recovered from your insurance company, depends on the situation. . If you were in an accident and the driver or owner of the other vehicle was uninsured, you can use your uninsured motorist coverage up to the financial limit you agreed to when you purchased the policy. Talk to a Shreveport auto accident lawyer to learn more.

How Does Uninsured Motorist Economic Only Coverage Differ?

Of course, some car accident victims suffer from mental distress and pain as a result of a collision. But, if the insurance coverage that is carried is uninsured motorist economic only coverage, those noneconomic damages would not be covered.

Expenses that would be covered under economic only coverage include the following:

  • Medical bills
  • Lost wages
  • Funeral expenses


Expenses that would not be covered include

  • Mental suffering
  • Lost something
  • Lost something

There are many types of coverage. Some people even opt for underinsured property damage coverage. This coverage gives a driver who was negligent the option to lean on their coverage to repair their vehicle, even if it was insured.

Whenever you are pursuing financial recovery, it is often referred to as damage recovery. Different types of damage recovery include economic, noneconomic, and punitive. After an auto collision, it is important to determine what types of damages apply to your situation, including if there were physical injuries, property damage, and emotional distress.

Every situation is unique and it is important you have a lawyer on your side when navigating extensive claims. After all, an insurance company is looking out for their financial bottom line and they have attorneys working for them. You need a seasoned car accident lawyer working for you. When you hire Rice & Kendig, we can ensure you receive the maximum recovery amount possible.

Plus, there are times when the claims process does not provide the relief you need, you may have to take the at-fault driver to court. To move forward with a Louisiana insurance claim or personal injury lawsuit, talk to a Shreveport auto accident lawyer about your options.

Are you unsure how to secure funds from your policy following a car crash? Talk to the personal injury lawyers at Rice & Kendig. We truly care about our clients and devote our knowledge, skills and resources toward securing a great result every time. You do not need to navigate complicated negotiations on your own. Together, we can achieve success. Contact us today at 318-222-2772 to schedule your free consultation.

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