A car accident can be a stressful enough situation, especially if the other
driver was driving without insurance. After a car accident, injured parties
can seek compensation by filing a claim with their own insurance company,
filing a claim with the at-fault driver’s insurance company, or
filing a personal injury lawsuit against the at-fault driver. Since drivers
who choose to drive without insurance oftentimes do so due to financial
hardship, personal injury claim against them is often a lost cause. Instead,
injured drivers are left to file a claim under their own uninsured motorist
coverage. In that instance, if the injured driver’s uninsured motorist
coverage is also minimal, they may not be compensated fully for their injuries.
What is Uninsured Motorist Coverage?
While ordinary car insurance coverage is meant to cover other people’s
injuries and losses in the event of an accident, uninsured motorist coverage
(UIM) exists to provide you with financial assistance in the event that
the other driver does not have insurance or has only minimal policy limits.
Coverage will extend up the limits of your policy and will cover the difference
between the limit of your policy and that of the uninsured or underinsured driver.
Let’s say, for example, you purchased a $50,000 UIM policy and are
involved in a collision with a driver who only has $20,000 in coverage.
As a result of the collision, you suffered a total of $50,000 in injury
damages. In this situation, you would be able to pursue a $20,000 claim
against the other driver’s insurance and an additional $30,000 claim
against your UIM policy, thereby compensating you fully for the $50,000
in damages. If a driver is not insured at all, you will only be able to
recover however much UIM coverage you have purchased.
In the example above, if the injured driver had extensive injuries, such
as surgery or loss of a limb, they would still only be able to collect
a total of $50,000.
Why is Uninsured Motorist Coverage Important?
Uninsured motorist coverage may be your only way of recovering compensation
for your injury in the event of a collision with an uninsured or underinsured
driver and can save you the hardship of having to face the steep costs
of medical expenses on your own. Connecticut only requires drivers to
carry a minimum of $20,000 in coverage per person and $40,000 per accident.
Considering how a single day’s care in a hospital’s Intensive
Care Unit can cost up to a staggering $18,000, these funds can disappear
quickly if you are faced with serious injuries after an accident and require
long-term care. That is why it is so important to maintain sufficient
uninsured motorist coverage on your automobile policy. Unlike the bodily
injury policy that you must purchase to cover injuries that you could
cause to others, uninsured motorist coverage is very inexpensive and may
be the only avenue to compensate you fully for your injuries, pain and
suffering, lost wages, etc.
Injured? Contact a Car Accident Lawyer in Hamden
If you have been injured in a collision with an uninsured or underinsured
driver, it is vital you retain the services of powerful
Hamden car accident attorney from Sette & Parnoff, P .C. as soon as possible to maximize your chances
of recovering the compensation you deserve. Our firm can negotiate with
the involved insurance companies and pursue the largest settlement possible
for your suffering.
Call (203) 285-3075 or contact our firm online
today to get started towards filing a claim.