Recovering Financially In Accidents Involving Uninsured Or Underinsured Drivers
In North Carolina, all drivers must carry a minimum insurance coverage of $30,000 per person and $60,000 per accident. However, some drivers may be uninsured or underinsured, which can complicate the process of financial recovery after an accident.
Uninsured And Underinsured Motorist Coverage
To protect yourself in such situations, it is crucial to have uninsured and underinsured motorist coverage. Uninsured motorist coverage ensures that if you are in an accident with an uninsured driver, your insurance company will step in and provide compensation for your injuries up to the coverage limits.
Underinsured motorist coverage protects you when the at-fault driver does not have enough insurance to cover your losses. This coverage can provide compensation beyond what the at-fault driver’s insurance company pays, up to your policy limits.
Never Decline Coverage
It is essential never to decline uninsured and underinsured motorist coverage. If you opt out of this coverage, you may not receive any compensation for injuries caused by an uninsured driver, leaving you in a difficult financial situation.
Carry Sufficient Insurance Coverage
It is recommended to carry as much insurance coverage as you can afford within your budget. This can be particularly beneficial in accidents involving uninsured or underinsured drivers. For example, if your injury claim is worth $100,000 and the at-fault driver’s policy only covers $30,000, your underinsured motorist coverage can provide the additional $70,000 needed to reach the total claim amount.
In some cases, multiple insurance policies in a household might be stacked, potentially providing even more coverage in the event of a catastrophic injury. However, this depends on the specific policies and insurance laws.
The key takeaway is to never decline uninsured and underinsured motorist coverage – and to always carry the highest level of coverage you can afford, preferably a $50,000/$100,000 or $100,000/$300,000 policy.
With the guidance of a skilled attorney for Auto Accidents, you can have the peace of mind that comes with knowing that we’ll make it look easy. For more information on Personal Injury Law Cases in North Carolina, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (919) 999-4462 today.