The Insurance Research Council (IRC) reports that an average of one in every seven motorists in the United States is currently on the road without car insurance. What this means for you is that if you get into an accident with one of these uninsured or underinsured motorists, you may be responsible to pay for damages that insurance would otherwise cover.
Although it may be frustrating to even think about drivers who are on the road without car insurance, or with your State’s minimum insurance requirements, it should also cause you to seriously think about how you can protect yourself and your loved ones. One of the best ways to do this is to include as part of your own insurance Uninsured/Underinsured motorist coverage.
What Is Uninsured/Underinsured Motorist Coverage?
Most States automatically provide uninsured motorist coverage. Uninusred motorist coverage is insurance coverage provided to protect you if you are involved in a vehicle without insurance. Underinsurance is coverage provided if you are involved in an accident with a vehicle with insurance policy limits less than your personal liability limits. Underinsured motorist coverage may seem like an unnecessary additional expense – until the moment that you desperately need this coverage, that is. Think about this: you get into a car accident. The driver of that car who caused the collision has minimal insurance policy limits. This means, that there is no one for you to go after to seek monetary compensation for your injuries, property damage to your car, and potential loss of income, if they exceed the other car’s coverage. You will be forced to pay for your own bills out of your own pocket.
Underinsured motorist coverage helps you pay for any cost relating to your accident so you don’t have to be responsible for it personally. Depending on the limit that you have purchased, you may not need to dip into your wallet. You can purchase Underinsured motorist for both property damage and bodily injury up to your personal liability limits. In some cases, bodily injury may also cover injuries sustained by other passengers in your vehicle who were injured. The option to cover property damage can be especially important if your car is a newer and/or more expensive make and model.
Uninsured/Underinsured Motorist Coverage – Betting Against The Odds
You never expect to get into a serious car accident. But when you do, it can cause serious physical and emotional pain. Preparing for the unexpected can help offset some of the pain and trauma. Uninsured/Underinsured motorist coverage is an important part of your insurance policy and can provide you with the ease of mind knowing that in the event of an accident involving an individual who is not insured or carrying minimal insurance coverage, you will have a policy that will provide you with the monetary protection that you need.
We Can Help You
When you are injured in a serious motor vehicle accident, you need to hire an experienced personal injury attorney to protect your legal rights. The New York uninsured motorist car accident attorneys at Gersowitz Libo & Korek P.C. have more than 30 years of experience and knowledge to aggressively fight for your rights and get you the full extent of the monetary compensation that you deserve.
To schedule a complimentary consultation with one of our New York personal injury attorneys, please call 1-800-529-9997.