Insurance Coverage Is Key To Your Recovery
It does not matter what type of vehicle you were hit by – truck, car, delivery vehicle, rideshare, motorcycle or bus – the available insurance will be the no. 1 factor that determines how much you are able to recover in a personal injury claim.
You cannot control what insurance other drivers carry. For example, you will encounter commercial truck drivers with multimillion-dollar policies as well as drunk drivers and others who are driving without any insurance at all. What you can do is make sure that you are carrying enough of your own insurance to ensure you are not left emotionally, physically and financially out of luck after an accident that occurs through no fault of your own.
How Can You Make Sure You Have Enough Coverage?
First, make sure you have enough uninsured motorist coverage. Most drivers take out $100,000 per person or $300,000 per accident to cover their own liability, but they neglect to include themselves and their loved ones by purchasing adequate uninsured/underinsured motorist coverage.
Uninsured/underinsured motorist coverage is coverage that you get to provide you and your family with compensation in the event you are injured by a driver who has no insurance or lacks adequate insurance coverage.
I, attorney Jeff Pheffer, recommend purchasing the same amount of uninsured motorist coverage as you do liability coverage. After all, why are you willing to make sure others are protected and then leave yourself and your family members vulnerable to the decisions of someone who does not.
Always buy more than you think you will need. Is saving a couple of hundred dollars in annual premiums worth being left with tens or even hundreds of thousands of dollars in unpaid medical bills and lost wages after an accident? Your life and your finances are far too important to gamble with. If you are going to use the insurance industry, take full advantage of the coverage options available to you. Finally, if it’s available, buy all available medical payments coverage too.