You may be the type of person who plans for everything. Perhaps you drive an expensive car and you have top-of-the-line auto insurance. If you ever caused an accident, you are certain that everything would be perfectly covered. However, what if you are slammed by an underinsured or uninsured motorist? Some people choose to purchase additional uninsured or underinsured motorist coverage to cover the difference in medical costs and property damage repair that is not caused by the other driver’s liability insurance policy.
Say you get into an accident that totals your $25,000 vehicle. However, the underinsured motorist only carries $10,000 in property damage liability insurance. If you had uninsured or underinsured motorist coverage, then it would cover the remaining $15,000. Even though each state has a mandatory minimum coverage stipulated, it is often not enough to pay for all the damages, which is why many motorists opt for excess coverage to be on the safe side. Drivers who live in states with the lowest liability requirements — including California, New Jersey, Pennsylvania, Florida, Massachusetts and Ohio — will especially want to make sure they carry auto insurance for underinsured motorists.
Filing Underinsured Motorist Claims
The first thing you should do in an auto accident with an uninsured or underinsured motorist is get the person’s name, address and driver’s license information. Next, you should file a police report to have both sides of the story put on record. Lastly, you should hire an auto insurance attorney to make sure the other motorist is determined to be at-fault if that was the case.
Compare Auto Insurance Quotes.
Our auto insurance quote system will help you compare the cost of uninsured or underinsured motorist coverage in your state. Shopping around is the best way to ensure you are getting the best insurance for the least amount of money in this buyer’s market.