You can’t always control getting into a car accident and you can never control who you get into a car accident with. You may have been involved in an accident with someone who does not have car insurance or does not have the correct type/or amount of car insurance. This could leave you in a tough position if you don’t have the right insurance coverage of your own. You can’t control the amount of insurance the other person has, but you can control the amount of insurance that you have. Continue reading to learn how important it is to have underinsured motorist coverage after a car wreck.

Uninsured/underinsured motorist coverage can protect you if you have been involved in a car accident with someone who does not have liability insurance or does not have enough liability insurance to pay for the injuries and damage.

There are two types of uninsured/underinsured motorist coverage:

1. Add-On –  Add-On coverage will pay for your damages on top of what the at-fault driver’s insurance company pays out.
2. Reduced By – Reduced By coverage pays you the difference between what the at-fault driver’s insurance policy pays and your insurance coverage.

These two types of uninsured/underinsured motorist policies provide major protection for you. They apply when you’re in your car, in someone else’s car, whether you’re a pedestrian, and more. Practically any way you could get injured by a motor vehicle, Add-On and Reduced By coverage can protect you.

Additionally, if you live with a family member that has uninsured/underinsured motorist coverage and you are in need of it, you can be covered under their policy.

Many people do not want to use this underinsured motorist coverage because they believe it would increase their premium amount. However, utilizing uninsured/underinsured motorist coverage would NOT increase your premium since it is against the law to punish you financially for using the insurance coverage that you purchased.

Uninsured/underinsured motorist coverage can be a lifesaver if you are ever hit and injured by someone who doesn’t have insurance or does not have enough insurance or are the victim of a Hit and Run wreck. Check out your car insurance policy to make sure you have protection against uninsured and underinsured drivers. You won’t regret it.

If you have been injured in a car accident where the at-fault driver is uninsured or underinsured, or you have been a victim of a Hit And Run, the  J. Stein Law Firm can help you. We will be able to seek damages on your behalf to help you recover from such a horrible accident. Give us a call today to get started on your path to a successful recovery.

Sources:

https://www.youtube.com/watch?v=RW8dOxWrktU&t=2s

https://www.forbes.com/advisor/car-insurance/uninsured-motorist-coverage/

https://www.allstate.com/tr/car-insurance/uninsured-motorist-coverage.aspx