The Importance of Underinsured & Uninsured Motorist Coverage

When you are involved in a car accident, you trust that the other driver’s insurance will be able to pay for your injuries and property damage. However, some drivers fail to maintain adequate insurance coverage. This means if you are involved in an accident with a driver who has little or no insurance, your ability to receive compensation may be hindered.

The only way you might be able to pursue a settlement is to file a lawsuit against the driver personally. However, if the driver does not have insurance coverage, chances are that he or she does not have the assets to pay your expenses. You may be left with medical bills and property damage with no insurance coverage to provide financial relief.

While nearly every state requires that drivers carry necessary insurance coverage (except New Hampshire), there are still some drivers who fail to get proper insurance, or they only get a limited amount of coverage. Thus, insurance companies have started offering underinsured and uninsured motorist coverage policies to drivers.

What You Need to Know About Underinsured & Uninsured Motorist Coverage

If you have an underinsured or uninsured motorist coverage policy, your right to compensation will be protected, even if the at-fault driver has little or no insurance. This is because, after an accident, you will be able to file a claim with your own insurance company. Depending on the policy amount, you may be able to receive a settlement for a variety of economic and non-economic damages.

Buying underinsured and uninsured motorist coverage with your insurance company can give you peace of mind. If you are involved in an accident with a negligent driver who has a limited amount of insurance, your underinsured motorist coverage will kick in and pay for the rest. Even if you are injured by a driver who has no insurance at all, you will still be able to receive compensation for vehicle damage and other expenses through your own insurance company.

Understanding the Difference Between UMBI & UMPD Coverage

Generally, underinsured and uninsured motorist coverage is divided between bodily injury expenses (UMBI) and property damage expenses (UMPD). If you only have UMBI coverage, you will not be able to receive compensation for property damage. However, with some UMPD policies, you may pursue a settlement not only for vehicle damage, but also for damage to your home and personal property items (such as electronic devices). It is important to speak with a knowledgeable attorney to discuss the benefits of underinsured and uninsured motorist coverage.

Efficient & Reliable Car Accident Attorneys in Teaneck

If you have been injured in a car crash, our Teaneck car accident lawyers from the Law Offices of Jeffrey S. Hasson, P.C. can provide aggressive legal services. We will perform a thorough investigation into the accident to build your case. With experience representing clients to insurance companies, our team will fight on your behalf as you seek a fair settlement. We can also help you file a claim with your own insurance company if the other driver did not have adequate coverage.

We offer free initial consultations to all prospective clients. Contact our office today and discuss your case with one of our dedicated legal advocates.