UM/UIM pays for your and your passengers’ economic (e.g., medical bills, loss of wages, etc.) and non-economic damages (e.g., pain and suffering, mental anguish, etc.) after a car accident that another party caused. This type of UM/UIM coverage, commonly referred to as UM/UIM bodily injury (UMBI) does not cover property damage; to recover property damage compensation, you need to purchase UM/UIM for property damage.