Have you ever been in an accident? Remember that gut wrenching feeling? Now, imagine the same gut-wrenching feeling multiplied when you discover the person who just totaled your car didn’t have insurance. So, what happens if you are hit by a driver without insurance?
If your insurance does not cover this instance, all of your medical fees and damages will come straight out of your pocket. If you are injured and need to visit a chiropractor to prevent future injury, you will have to pay for it.
The good news is that there is insurance for that. It’s called
Uninsured/Underinsured Motorist Insurance (UMI)
What is Uninsured Motorist Coverage?
Uninsured/Underinsured Motorist Insurance (UMI) is used specifically for drivers that do not have insurance, or enough insurance. You’re covered for bodily injury costs. If the other driver has lower liability limits than you have for UM/UIM, you will be covered for the difference in coverages.
With a recent increase in auto-insurance premiums, more people are getting less coverage to be able to afford the monthly cost of insurance. Some people are refusing to even buy insurance. With more of these drivers on the roads, it’s becoming essential that you cover your own back to reduce the stress from a car accident.
Save yourself the headache and do not overlook this coverage while quoting your automobile insurance policy. The importance of UMI cannot be expressed enough.
Do you have enough UM/UIM coverage?
Most experts recommend that your uninsured/underinsured coverage match your liability coverage. For example, if you have $100,000 in liability protection for injuries you might cause to other people, you should also have $100,000 in UM/UIM protection to cover your own family and property.
Your insurance agent can give you a breakdown of what it would cost to add or increase your policy limits. You may be surprised at how affordable it is to bump up your UM/UIM coverage.
How our experienced Treasure Coast accident attorneys can help
If you have been involved in a car accident involving an uninsured or underinsured motorist, contact Hoskins, Turco, Lloyd & Lloyd online or call us today at 866-460-1990. Led by Board Certified Civil Trial lawyer Steve Hoskins, our firm has decades of experience representing clients whose lives have been changed due to car accidents and personal injuries throughout the Treasure Coast.
1Insurance Research Council (IRC), 2015, found that 13% of all U.S. motorists were uninsured in 2015, up from 12.3% in 2010 after a seven-year decline