Generally speaking, the driver at-fault for a car accident is responsible for paying for the damages that result, including injuries. Of course, most people don't have the money to pay for these damages out of pocket, which is why state law requires all drivers to carry liability coverage.
However, the law only requires drivers to carry a minimum of $15,000 in liability coverage, and many accidents cause a lot more damage than that. What can an innocent driver do in this situation? That is where uninsured motorist or UM insurance comes in.
Tip #1: You should always demand full coverage insurance from your agent instead of trying to save money by skipping it. It can be very difficult to get fully compensated without it.
If you have UM coverage, your own insurance provider will supplement what the other driver's insurance won't cover. But understanding the layers of your own insurance coverage is complicated. And, unfortunately, your insurance company isn't going to be much help.
Tip #2: Remember, it's your insurance company's job to make money by limiting your claim. Make sure to talk to a lawyer before agreeing to any kind of settlement.
With the help of an experienced lawyer, you can make sure to maximize insurance coverage for your injuries, even after being involved in an accident caused by an uninsured or an underinsured driver.
As anyone who has been involved in a serious car accident knows, medical bills, lost wages and other expenses pile up very quickly and almost always surpass $15,000.
While we would like to believe that we wouldn't be left paying for the damage caused by a negligent driver, it can easily happen without UM coverage. All too often, people are left in financial ruin after a serious motor vehicle accident because they did not have UM coverage or did not carry enough of it.