Uninsured motorist coverage is an added coverage available from an auto insurance company. The coverage protects you if you’re involved in an auto accident with a driver who does not have car insurance, and the mishap appears to be the fault of that driver.
If you get injured by somebody who has no auto insurance, then you’d generally not bother attempting to sue that individual. Drivers who do not have auto insurance mostly do not have much cash lying around either, thus, even though you won the case, there’s no possibly no way to get your award. Rather, you’d make a claim against your insurance up to the uninsured driver coverage’s limit of.
Uninsured Motorist Coverage Limits
The majority of states require auto insurers to take in a minimum uninsured motorist coverage amount on every auto insurance policy, typically somewhere approximately $20,000, yet you can certainly buy extra uninsured coverage.
On the other hand, uninsured driver coverage can’t exceed your primary coverage’s amount. For instance, if you have coverage of $100,000 for your own probable negligence, then you can merely have a maximum of $100,000 in the coverage. That is only a financial matter for insurers. Since uninsured coverage is extremely inexpensive compared to common liability coverage, insurers do not want their clients buying only minimum liability coverage and stacking up on uninsured insurance.
Uninsured Motorist Coverage Benefits
The advantages of uninsured motorist insurance are extremely straightforward. You obtain insurance against being injured by a driver who is uninsured. You probably think that you’ll never get injured by an uninsured driver as nearly each state calls for drivers to buy auto insurance. In fact, there are numerous uninsured motorists operating on the roads getting into auto accidents. It’s worth the cash to guarantee that you buy uninsured motorist insurance and that you only have as much uninsured motorist insurance as your common liability coverage.
Uninsured Motorist Coverage Disadvantages
There’s essentially no snag to uninsured motorist coverage, except the fact that it rather costs much that you lose if you’re never injured by an uninsured driver. There could likely be a snag to filing a claim on insured motorist if you do get injured by an uninsured motorist. The disadvantage would be—depending on your insurance policy’s language; you probably lose the right to file a claim against the negligent driver; you’d be limited to your recovered amount from your insurance company.
That isn’t frequently much of a problem, but since uninsured drivers seldom have assets to take if you prosecute them.
Uninsured Motorist Claim: The Filing Mechanics
If you believe that the person who injured you is uninsured, then you ought to provide your insurer with notice straightaway that you plan to file an uninsured insurance claim against it. A few auto insurance policies put a strict time limit on their clients to inform the carrier of possible uninsured claims. Do not delay. The time limit may be as brief as a month.
If the at-fault driver informs you that they don’t have auto insurance, or, if they refuse to provide you with any insurance details, and you cannot get the insurance info in any other way, tell your insurer instantly that you mean to file an uninsured insurance claim against your own insurer.