After a car accident, you will rely heavily on insurance companies to make sure that you receive financial coverage for medical bills and property damage. Unfortunately, many drivers find out that the “other driver” involved in their accident isn’t adequately covered by insurance. This can present a problem for you if the other driver was the one at fault for the accident. So what happens if you’re involved in an accident and the other motorist is underinsured?
Thankfully, the car accident lawyers at our firm have dealt with these scenarios before and may be able to assist you with an underinsured motorist claim (UIM). Underinsured motorist claims occur when a driver does have auto insurance, but for some reason or the other their coverage limits are not high enough to cover the cost of damages resulting from an accident they caused. Some drivers are unaware that their insurance changes when they drive into another state.
Underinsured motorist coverage allots for both bodily injury and property damage. This means that if your car was damaged by another driver and you were injured as well, UIM insurance can provide coverage for both of these things, rather than simply covering the cost of damage to your car. If you were injured in an accident, you could be covered for medical expenses for yourself and the other occupants of the car. Property damage coverage through UIM can also repair your car. It is important to remember that UIM coverage is not always automatic. Many auto insurance policies offer this as an add-on to your current policy. UIM coverage comes at all different amounts depending on your needs.
Many drivers choose what is typically considered “standard” and that is to carry underinsured motorist coverage equal to the bodily injury liability limit. Allstate Insurance puts it this way: “Since coverage can range from $20,000 to $1 million or more, the ‘right amount’ depends on your accumulated assets and risk tolerance.” The one major restriction you might face when it comes to purchasing UIM insurance is that insurance companies typically do not like issuing UIM coverage that exceeds the amount of a person’s liability coverage. This means that you should be able to afford to give as much as you would get in the event that someone else causes your accident.
Call a Nevada car accident lawyer at Shook & Stone!
If you were injured in a car accident and that accident was caused by a driver who didn’t have enough insurance coverage to fully compensate you, then our firm could assist with a UIM claim. If you are unsure whether or not you qualify for this type of coverage, you can consult with your insurance company or go directly to a Las Vegas car accident attorney at our firm. We can walk you through the car accident claims process to see that you secure the maximum financial compensation. To learn more about UIM coverage and your car accident, please contact Shook & Stone today.