Which of the following best describes uninsured motorist coverage?

Uninsured motorist coverage is designed to protect insured drivers when they are involved in accidents with drivers who do not have any insurance or when the other driver cannot be identified, such as in a hit-and-run situation. With option B, it highlights that this coverage specifically compensates for injuries sustained in these types of accidents, which is a primary purpose of uninsured motorist coverage. This means that if you're hit by someone who either has no insurance or flees the scene, this coverage can help cover your medical expenses and potentially lost wages as a result of the accident, ensuring that you are not left financially vulnerable due to the actions of an uninsured driver.

The other options do not accurately represent what uninsured motorist coverage entails. For instance, the first option refers to physical damage caused by an insured driver, which relates more to collision coverage rather than uninsured motorist coverage. The third option incorrectly limits the scope of uninsured motorist coverage to property damage, while it primarily aims to cover bodily injuries. Lastly, the statement about coverage not applying to vehicles owned by the insured does not reflect the intent of uninsured motorist protection, which indeed applies to insured individuals and their vehicles under specified conditions.