In a down-turned economy, it makes sense to cut back where you can. Some cuts are easier than others, and some can seem impossible. For instance, stopping at Starbucks seems like an easy way to save an extra $20.00 a week, but for die hard coffee drinkers it can be one of the most difficult things to accomplish. More often than not, when household expenses are reduced, expenses that seem lacking in benefit are cut first and other, less beneficial costs remain in place. A good example of this phenomenon is with uninsured or underinsured motorist.
This type of auto coverage is above and beyond what you get for insuring against loss on your car, it covers losses that arise and are not covered because the responsible party lacks insurance. You have the choice, when obtaining coverage, to add this to your policy and many people wonder if it is worth the cost. It is! Consider for a moment what you would do if you were in an accident, and had to file a personal injury case. If the other side was not insured, or did not have enough insurance you would be left holding the bag for the expenses not covered. This might include:
- Doctor bills.
- The cost of prescriptions.
- The expense of getting your car fixed, or even having to buy a new one.
In addition to using uninsured or underinsured coverage when the negligent party lacks adequate insurance, the provisions also come in handy if you are the victim of a hit and run. Deciding on an amount can be tricky, and you should take certain things into consideration such as how heavily congested the roadways are where you live, and whether your personal medical policy would cover any losses sustained in an accident with an uninsured driver. One of the biggest benefits uninsured or underinsured motorist coverage provides is peace of mind. If you know you are fully covered, it is easier to breathe a little easier every time you need to run an errand, or take a road trip. For answers to your questions about personal injury cases, and the role insurance plays, call us today.
If you have been in an accident and the other driver lacks insurance, call our office to learn what steps to take next. Let an experienced attorney help you figure what is best for you. Call a Bloomington, Minnesota personal injury attorney today.