What is the minimum deductible for certain property damage claims under Uninsured Motorist coverage?

The minimum deductible for property damage claims under Uninsured Motorist coverage is $300. This requirement ensures that policyholders have some level of responsibility for their claims, which can help mitigate frivolous claims and keep insurance costs manageable across the board. By establishing a deductible, insurers can encourage responsible behavior among drivers, as those who have a higher out-of-pocket cost for smaller claims may be more inclined to drive cautiously or maintain their vehicles properly.

This deductible is set in recognition of the balance between providing essential coverage for damages caused by uninsured motorists and maintaining a fair insurance market. In cases of property damage claims, having a deductible in place also helps to limit the frequency of small claims that may lead to increased premiums for all policyholders.

Understanding this minimum deductible is crucial for agents and clients alike in the context of coverage choices and deductible implications on future insurance costs.