We’ve touched on underinsured and uninsured motorist coverage in this section already. But, your auto insurance can impact your case. If you have underinsured or uninsured motorist coverage, it can help. Here, you can learn more about this type of insurance. Also, you can learn what to do if you have this coverage and get into an accident.
When a motor vehicle accident occurs, damages might happen. It is the at-fault party’s responsibility to pay for the damages and injuries from the accident. This happens through subrogation. Because of subrogation, the at-fault party won’t pay the damages themselves. The cost of damages and medical expenses get transferred to their insurance company. In most cases, this is a straightforward process. It is against the law to drive without liability coverage. This means that most drivers use this type of insurance.
Liability insurance covers the cost of damage and injury for someone who causes an accident. But, there are some cases when the at-fault party does not have liability coverage. Also, basic liability coverage might not be enough to cover the damages. This is usually the case in a serious accident. In both of these cases, the victim of the accident might not get enough compensation. This is where underinsured/uninsured motorist coverage helps.
Underinsured/Uninsured Motorist Coverage
If you get involved in an accident where the other party is at fault they might not have funds to pay compensation. But, if you have underinsured/uninsured motorist coverage it will help. If you have underinsured/uninsured motorist coverage, your insurance company takes on the cost of the damages. This type of insurance usually covers the damages to your vehicle. It also covers medical expenses if you got injured in the accident. If you use this type of insurance, you don’t need to worry about the other party’s coverage. It would be nice to get compensated by the at-fault party. But, underinsured or uninsured motorist coverage makes sure that you don’t pay bills related to the accident.
Similar Types Of Coverage
There are other types of auto insurance that can help if you get injured. These types of insurance help when the accident wasn’t your fault. Personal injury protection is one example. This type of insurance can pay for your medical bills. If you have personal injury protection, you can contact your insurance company for compensation. Another helpful type of auto insurance is called MedPay. This is similar to personal injury protection. But, it sometimes offers less coverage than personal injury protection. You can learn more about MedPay on the next page.
Reviewing your auto insurance policy after an accident can help you get back on your feet. If you are confused by your policy, contact your insurance company. You can also contact our office to get your questions answered. We are happy to review your policy with you. We can help you take the next step in your case.