Why Everyone In Missouri Should Check Their Uninsured and Underinsured Motorist Coverage
An O’Fallon, Missouri, teenager was recently charged with a felony leaving the scene of an accident. During these tough economic times it is imperative to take notice of uninsured and underinsured motorist coverage. Recent reports indicated that in Missouri, the rate of uninsured motorists is 14% and rising.
Underinsured motorist protection covers damages that exceed the amount of coverage carried by a negligent driver. Underinsured coverage typically pays up to the limits of your policy after subtracting the amount paid by the other driver's insurance. This type of coverage applies to you, anyone in your car, and any family member listed on your policy that is injured in another car.
Uninsured motorist protection covers you if you are in an accident with an uninsured motorist. But it also does much more. If you are injured as a pedestrian you will be covered. Best of all, uninsured motorist coverage also protects you and family members traveling in other cars.
If you get into an accident with someone who doesn’t have insurance or has a minimum policy of $25,000, you are at great risk of not being fully compensated for all of your injuries. By purchasing uninsured and underinsured motorist coverage, usually at pennies on the dollar, you ensure that you will be made financially whole if you have the misfortune of being involved in an auto collision.
If you are in a car accident with someone who has a minimum policy of $25,000 and your medical bills are $35,000 their policy won’t even cover all your medical bills. What about lost wages, future medical bills, and pain and suffering? With underinsured motorist coverage your insurance would cover the difference. This is why it is important to review your insurance policy and consider adding uninsured and underinsured coverage. If you are unsure how the details of your auto insurance policy will protect you if you are in a car wreck, contact an experienced Missouri car wreck attorney.
