A car accident can have long-lasting consequences, and it can be even more stressful if the at-fault driver is uninsured. In this article, you will learn about underinsured or uninsured motorist coverage, and how you can use this type of insurance after an accident.
Uninsured Motorist Coverage
You can use this type of coverage if you are in an accident with an at-fault driver who does not have car insurance. In most cases, it makes no sense to sue an uninsured driver, because those who have no insurance usually do not have much money. In such a case, you and your Car Accident Attorney would file a claim against your insurer up to your uninsured motorist coverage limit.
Underinsured Motorist Coverage
This type of coverage is used when you are hit by an at-fault driver does not have enough insurance. Insufficient coverage means that the driver doesn’t have enough coverage to pay your claim. In this type of case, you would file a claim with your insurer up to your coverage limit.
Underinsured and uninsured motorist coverage cannot exceed your primary policy amount. For instance, if you have $150,000 in coverage, you can have the same amount of under- or uninsured coverage. This type of insurance is cheap compared to liability coverage, and insurers do not want policyholders to buy minimal liability insurance while splurging on underinsured motorist coverage.
How Claims Work
If you believe that you were hit by an uninsured driver, you should tell your insurer that you are filing a claim as soon as possible. Some policies have firm deadlines for the filing of uninsured claims, and the deadline can be as little as 30 days.
Underinsured claims have a longer development process, because it is difficult to tell right away that you need to file a claim. Until you and your Car Accident Attorney Williston ND area get a better idea of the value of your case, you can’t determine whether you should file with your insurer.
In most cases, underinsured and uninsured claims work in much the same way as regular claims except that you file against your insurer. A pretrial investigation will take place, and you’ll have to submit your medical records. However, there is one key difference-;if you and your insurer can’t agree on a settlement amount, you and your Car Accident Attorney Williston ND cannot take the case to court. Instead, the case will go to arbitration.
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