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UIM/MEP Presentation

This presentation outlines the key features of Underinsured Motorist (UIM) and Medical Expense Protection (MEP) insurance programs, specifically designed for vanpool drivers. The UIM program began in 1995 with a rate of $0.005 per mile, providing important safeguards against uninsured or underinsured drivers, with a coverage limit of $60,000. Additionally, MEP offers secondary medical expense coverage up to $10,000. This session clarifies the coverage details, eligibility, and the importance of these protections for ensuring safety and financial security while driving in a vanpool setting.

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UIM/MEP Presentation

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Presentation Transcript

  1. UIM/MEP Presentation Al Hatten, Executive Director

  2. Historical Background • March 1994 (MEP Resolution) • Mason Transit (Volunteer Added 11/1995) • September 1995 UIM program starts • UIM Rate $0.005 per mile ($50,000 per occurrence with $10,000 per occurrence property damage) • In 2000 UIM rate increased to $0.006 • UIM limits $60,000 per occurrence

  3. What is UIM? • ??????????????????????????? • Offers protection from under-insured and uninsured drivers • The limits are for the total occurrence • $60,000 that’s it! • 1 claimant and/or 10 claimants • It does not preclude you from filing a lawsuit against the adverse driver • It is a first party coverage like property but processed like a liability claim

  4. What is MEP? • It is very similar to your personal auto PIP coverage • What is PIP? • This is limited to vanpool drivers only • It is always secondary • Coverage is limited to $10,000 • payments for reasonable and necessary medical expenses incurred as a result of a covered occurrence and includes payments for dental services, prescriptions, prosthetic devices, ambulance expenses, and funeral expenses. Benefits do not include loss of income or expenses for household services.”

  5. So Who Needs It?!............. • Not employees • Initially established for vanpool drivers • Social responsibility • Optional coverage • Safety net • Unique only to WSTIP

  6. Finally, The End • Final Comments and Questions

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