Uninsured motorist or UM insurance in a car accident is important in many circumstances. I have had clients who were seriously injured because of some one else who acted negligently. In some of the car accident cases the negligent driver didn’t have any insurance. Or they had insurance but not enough to cover my clients damages. Although there are things that can be done in some cases the person injured is left high and dry.
Having the right insurance can pay for a lifetime of coverage if you are seriously injured in a car or truck crash. But determining what type of car or truck insurance to buy can be confusing. Most people want the best coverage for the cheapest amount, but they don’t really understand what they are buying. They also may not understand the risks of rejecting a particular type of insurance or the risks relating to someone injuring them that has little-to-no insurance. The reality is that lots of people are uninsured – and that can be a big problem for you if they injure you. To protect yourself, you need to get up to speed on Un-insurance (UM) and Underinsurance (UIM) coverage. These two types of coverage are briefly explained below and in our auto accident blog.
What is UM, UIM Automobile Insurance
Underinsurance (UIM) coverage kicks in when the at-fault driver has insurance, but the coverage is not enough to cover your injuries. For example, you are struck by a negligent driver and seriously injured. Your injuries are worth an estimated $100,000, but the at-fault driver’s liability insurance policy is only $50,000. That’s not nearly enough to adequately compensate you for your injuries. In this scenario, you would make a claim under your own UIM policy to make up the difference.
Is It Worth Paying Extra For UM
There are a surprising number of uninsured drivers on the roads and highways of Oklahoma, even though it is against the law to drive a vehicle without insurance coverage. They can be found driving cars trucks and even motorcycles. Suppose you are injured by another car or truck driver because they acted carelessly or recklessly. Further, suppose that the driver has little-to-no personal assets. In that case, your only option may be to go after their automobile insurance policy. If their vehicle is uninsured but you have UM or UIM coverage, you would make a claim against your own policy. But if you haven’t paid for that policy, then you may be out of luck as it relates to getting compensated for your injuries. The same goes for someone who has a minimum liability policy. Oklahoma law requires three types of liability coverage:
1. $25,000 for bodily injury to (or death of) any one individual in an accident;
2. $50,000 for bodily injury to (or death of) two or more individuals in an accident; and
3. $25,000 for property damage caused to other vehicles or property in an accident.
Therefore, many people who have insurance will only have a $25,000 liability policy to cover any injuries they have caused. With the severity of accidents on the rise. If you suffered a serious injury in the accident, and have incurred thousands of dollars of medical bills, thousands of dollars of lost wages, and a significant amount of pain and suffering, $25,000 would not come close to compensating you for your personal injury damages. That is why having UM and UIM coverage is so important and aids you in getting your case settled quickly.
Hiring A Car Accident Lawyer Near You
UM insurance in a car accident may save you from loss to an uninsured or under insured negligent driver. If you are the victim and injured in a motor vehicle accident in our state you have certain rights and options. Although those options seem obvious many more are not. Insurance company’s love injury accident victims to handle their case without an attorney. I’m here to tell you don’t do it. Although the adjuster seems to be in your corner be careful. The job of the insurance adjuster is to keep the amount of claims paid out as low as possible.
As a personal injury attorney our job is to maximize the amount of money you get for your accident. This money includes compensation for medical treatment, loss of work wages and pain and suffering. At Kania Law Office, our car accident attorneys know how to hold bad drivers and their insurance company accountable for injuring you. Get a free consultation contact our car accident attorneys in Tulsa by calling (918) 743-2233 or contacting us online.