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UNINSURED/UNDERINSURED MOTORIST COVERAGE

Thursday, August 23, 2012

In the thirty years plus that I have been practicing law, I have had many clients who suffered substantial injuries in an accident of some kind, whether automobile, truck, motorcycle, or as a pedestrian, only to find out the driver who caused the accident either had no insurance, or not enough insurance to compensate them for medical expenses, pain and suffering, and loss of  earnings.
 
I have given many lectures on automobile insurance, the truths and untruths, and how to determine what coverage a person needs. The one fact, most important above all others, is this:
 
UNINSURED/UNDERINSURED MOTORIST COVERAGE (U.M./UIM)
PROTECTS YOU AND YOUR FAMILY, AND IS THE MOST IMPORTANT COVERAGE YOU SHOULD BE CONCERNED ABOUT.
It is the coverage that protects you and the passengers in your vehicle, in the event you are hit by an uninsured motorist, or, by a driver who had insurance, but not enough to compensate you or your family members for the injuries sustained. injury claims.   
 
By way of  example-let’s suppose you were in an accident where, as a result, you had back surgery, and incurred hospital and medical bills in such an amount that the value of your claim against the negligent driver exceeds the policy limits carried by the driver who caused the accident.  Underinsured motorist coverage lets you collect up to the difference between the negligent driver’s insurance policy limits, and your Uninsured/Underinsured Motorist limits.
 
As a practical example, a  client of mine was badly injured, and his case had a value of between $100,000.00 and $150,000.00.  The other driver had $25,000.00 of liability coverage. My client carried $100,000.00 of uninsured/underinsured coverage.  Because of my client’s UM/UIM limit of $100,000.00, he was able to  settle his case for the other driver’s $25,000.00, PLUS an additional $75,000.00.
If my client carried underinsured motorist limits of $25,000 or less, he could only have collected the $25,000 carried by the other driver.
 
I always take the time to advise businesses, friends, and acquaintances, and  groups of people before whom I speak, of the proper automobile insurance coverages which they should consider.  The importance of the right coverages is, sadly, not considered by many people, until after an accident.
 
I am willing to take the time to educate and advise anyone interested in protecting themselves and their family, no fees charged.  An office or telephone conference can be arranged by contacting me through one of the methods on this website.
 

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