You have an expensive car. Someone rear-ends you and totals it. They have $20,000 in property damage liability, leaving you short, say, $30,000. Who is going to pay the difference?
Uninsured Motorist Property Damage is an optional coverage you can purchase to cover the difference. It is subject to a deductible of $200 or $300, but that’s better than trying to sue the other guy for what he probably doesn’t have, given you can find the driver if it’s a hit-and-run. Of course, if you have collision coverage, the company can pay out of that line, but the deductible might be higher, like $500 or $1,000, and future companies may see that in the reports as at fault. You would have to jump through hoops to prove it wasn’t your fault. Uninsured Motorist is the better way to go for as little as it costs.
The same thing applies to your injuries. Let’s take that same scenario and assume you were injured. Your medical bills exceed the $25,000 the other party has in limits. The Uninsured Motorist Bodily Injury line on your policy will pay the difference up to your purchased amount. This coverage is not optional. Every Oregon auto insurance policy has it. The difference is the limit one may select over another.