The right insurance can be a lifesaver after a motorcycle accident. In Delaware, understanding the difference between uninsured and underinsured motorist coverage can significantly help you financially if you’re involved in a collision.
If you’ve been in an accident with an uninsured or underinsured motorist, Schmittinger & Rodriguez is here for you. Our experienced attorneys can guide you through the legal process and fight to get you the fair compensation you deserve.
Understanding Uninsured Motorist Coverage
Uninsured motorist coverage refers to an aspect of your auto insurance policy that is specifically designed to protect you if you’re involved in an accident with a driver who does not carry any insurance.
This type of coverage protects you from having to pay for your own medical bills and car repairs if the at-fault driver is uninsured. Without uninsured motorist coverage, you could be left facing significant financial burdens. Uninsured motorist coverage covers medical bills, lost wages, and other damages the uninsured driver would have been responsible for if they had carried proper auto insurance.
It’s worth noting that while Delaware law requires all drivers to have insurance, the Insurance Information Institute states that around 13% of drivers nationwide were uninsured in 2019.
When Do You Need Uninsured Motorist Coverage?
Unfortunately, not everyone on the road carries car insurance. Uninsured motorist coverage provides peace of mind, knowing you’re financially protected even in these situations.
- Hit-and-run accidents: If you’re a hit-and-run accident victim, your uninsured motorist coverage will help cover accident-related costs since the at-fault driver is unknown and therefore can’t be held accountable for damages.
- Accidents involving uninsured drivers: If an uninsured driver causes an accident, they lack the insurance coverage to pay for your damages. In this case, uninsured motorist coverage will compensate you.
- Accidents as a pedestrian or cyclist: If you’re hit by an uninsured driver while walking or cycling, your uninsured motorist coverage could cover your medical bills and other related costs.
While uninsured motorist laws in Delaware make it mandatory for drivers to carry uninsured motorist coverage, not all states have this requirement. Therefore, even when you’re driving outside of Delaware, your uninsured motorist coverage can provide the necessary protection.
Understanding Underinsured Motorist Coverage
Imagine this: you’re in an accident caused by a driver with insurance, but their policy limits are insufficient to cover all your medical bills and car repairs. Underinsured motorist coverage acts as a safety net in this scenario, bridging the gap between the at-fault driver’s coverage and your actual expenses.
When Do You Need Underinsured Motorist Coverage?
Underinsured motorist coverage is your shield against drivers with insufficient insurance. Here’s why you might need it:
- Low Minimums: State minimum insurance requirements might not cover your expenses, especially for serious injuries.
- Rising Costs: Medical bills can soar quickly. Underinsured motorist coverage bridges the gap if the at-fault driver’s policy falls short.
- Peace of Mind: Don’t gamble on the other driver’s coverage. Underinsured motorist coverage protects you financially after an accident.
Why Both Types of Coverage Are Important
Each type of coverage protects you in different scenarios, thus reducing the risk of significant out-of-pocket expenses following an accident. You could face extensive medical bills, property damage expenses, and potential lost wages due to injury without adequate coverage.
The financial burden could be disastrous if you’re involved in an accident with an uninsured motorist and lack the appropriate coverage. The same applies if you’re involved in an accident with an underinsured motorist whose coverage is insufficient to meet your expenses.
How to Obtain Uninsured and Underinsured Motorist Coverage
Obtaining this type of insurance is often as simple as adding it to your existing auto policy. Most insurance companies offer these coverages as part of their standard package or as optional add-ons. Factors including your driving record, the type of vehicle you drive, and where you live can all affect the cost of premiums.
Both uninsured and underinsured motorist coverage often offer a “stacking” option. This means you can potentially increase your coverage limits by combining the coverage available for each insured vehicle on your policy.
This can be a lifesaver in a serious accident with an uninsured or underinsured driver. Medical bills can pile up quickly, and stacking your coverage helps ensure you have the financial resources you need to recover.
The Role of Legal Representation in Insurance Claims
Having an experienced attorney offers significant benefits in car accident cases involving uninsured or underinsured motorists. Attorneys can guide you through the complex process of filing a claim, negotiating with insurance companies, and taking the case to court if necessary.
Without legal representation, you may fail to secure the full amount of compensation you’re entitled to. Experienced lawyers can also explore legal options for recovering compensation beyond insurance coverage limits, such as suing the at-fault driver.
Schedule a Consultation With Schmittinger & Rodriguez Today
Understanding the difference between uninsured and underinsured motorist coverage and ensuring you have adequate protection can save you from a severe financial burden in the event of an accident. Remember, having comprehensive insurance coverage protects your financial future following a car accident.
If you need legal assistance following a motorcycle accident, contact Schmittinger & Rodriguez. You can also call (302) 674-0140 to speak with a representative at our office. We can provide personalized advice on insurance coverage, help you understand the uninsured motorist laws, and explore potential legal options that benefit you as a driver in Delaware. Don’t hesitate to schedule a consultation today.
