If you have uninsured/under insured motorist protection, you may still be able to make a claim and receive a settlement.
WHAT IS UNINSURED/UNDER INSURED MOTORIST PROTECTION?
Most people’s auto insurance policy provides coverage for accidents with uninsured/under insured motorists. This coverage also applies to accidents caused by animals and accidents in which the other driver left the scene and cannot be located.
Uninsured motorist coverage:
Ordinarily, if you are in accident that is the other driver’s fault, you make a claim with that person’s insurance company and, if necessary, you can sue the other driver. But, if the other driver is uninsured, then you may be able to make a claim with your insurance company. If you have uninsured motorist coverage, your insurance company may be obligated to pay for your property damage, medical bills, lost time from work or school, and pain and suffering. If a settlement is not reached, then instead of suing the other driver, you sue your insurance company. The insurance companies often refer to these types of cases as “UM claims.”
Underinsured motorist coverage:
Unfortunately, some drivers carry only a minimal insurance policy. For example, some drivers may only have $20,000.00 worth of liability coverage. Often, the value of your medical bills, lost time from work and pain and suffering exceed $20,000.00. If that’s the case, you may be able to collect the excess amount from your insurance company. If the other driver’s insurance company pays you the entire policy amount, then you can make a claim with your insurance company. Sometimes, it may be necessary to sue both the other driver and your insurance company in one law suit. The insurance companies often refer to these types of cases as “UIM claims.”