Imagine being involved in a serious motor vehicle accident that results in significant personal injuries, medical bills, and lost wages. Under these circumstances, you would be correct in assuming that the insurance company for the person who caused the accident and your injuries would be "on-the-hook" to compensate you for your losses.
However, what happens if the person who caused your accident had very little insurance or none at all?
Lately, I am encountering more and more clients who have been seriously injured in automobile accidents by negligent drivers with little or no insurance. Most drivers don't think about the importance of uninsured (UM) and underinsured (UIM) motor vehicle coverage until it is too late. The UM and UIM coverage from your own automobile insurance policy can protect you from a situation where you have been seriously injured by someone with inadequate or no insurance coverage. A personal injury attorney can help you secure full compensation through your UM and UIM coverages.
So, the next time you renew your automobile insurance policy, make sure you consider the sufficiency of your UM and UIM coverage. It could be the difference between compensation and financial disaster if you are in an accident.