You are driving down the road one day and unfortunately end up in an auto accident. The driver who hit you tells you that they do not have insurance coverage on their vehicle. What do you do?
The Insurance Research Council (IRC) reports that more Americans than ever, now one in six drivers, have no vehicle insurance whatsoever.
In the state of Arizona, auto insurance is required by law to all Arizona drivers. Unfortunately, there are still a few drivers that do not have car insurance.
This is a depressing result of recessionary times, which lead to increased unemployment, car payment, insurance, and vehicle operating costs.
It is now more important than ever to purchase uninsured motorist insurance (UM) sufficient to full protect all drivers in your family.
UM protection kicks in when another driver at fault in an automobile collision has no insurance coverage. It can cover lost wages, medical costs, and other expenses associated with serious accident injuries.
Talk to your insurance agent about UM and underinsured motorist coverage (UIM) that safeguards you if injured by a negligent driver who has only minimal insurance.
According to the IRC, the average claims payment for accidents involving underinsured drivers averages $11,000.
Adding these two options to your policy will not only give you a little more peace of mind when on the road, but it will also give you the assurance that you and your loved ones are protected in case of an unfortuante car accident.
As always, please contact an experienced Phoenix car accident lawyer if you are involved in any auto accident.