Uninsured motorist coverage protects you if the other driver involved in an accident has no auto insurance. Underinsured motorist coverage, which is usually offered alongside uninsured motorist coverage, protects you if the other driver involved in an accident doesn’t have enough insurance to pay for the damages or injuries they caused. Both coverages are mandatory in many states and highly recommended for all drivers. If you’re a victim of a hit-and-run accident, you can file a claim against your uninsured motorist coverage.
Uninsured Motorist Coverage:
Despite the Texas insurance verification system that allows authorities to check up on uninsured drivers, an alarming 10% of motorists statewide remain without the required auto liability coverage – leaving them vulnerable and open to potentially damaging financial responsibility should they cause a collision.
Uninsured motorist coverage(UM) is a critical component of auto insurance, protecting you in the unfortunate incident of an accident with another driver who doesn’t have their own liability coverage. It also provides protection if you are involved in a hit-and-run. Without UM coverage, victims pay all costs associated with the accident out of pocket – leaving them to bear any medical and vehicle repair bills resulting from such incidents themselves!
Underinsured Motorist Coverage:
With Underinsured Motorist (UIM) coverage, you can feel secure that if an accident occurs and the other driver’s policy is not sufficient, your own insurance company will provide a protective cushion. UIM coverage gives peace of mind by safeguarding both injuries and property damage losses.
If you’ve been involved in an auto accident with another driver, UIM insurance could provide a financial lifeline. After the at-fault party’s liability coverage pays for damages up to their policy limits, your own UIM plan steps into action if needed – providing supplemental funds above and beyond what was covered by the other party.
Filing a UM/UIM Claim:
When dealing with an insurance company, having UM/UIM coverage does not guarantee a fair settlement for your car accident. Since the insurer may prioritize their profits over what is best for you, enlisting legal counsel might be necessary to ensure that you receive full and fair compensation. Heed this advice now in order to maximize your chances of getting the most out of your claim down the road.