The Importance of High Uninsured and Underinsured Insurance Policy Limits
You might do everything right when driving. You might come to a complete stop at every stop sign. You might never drive over the speed limit for any reason. You might even have a perfect driving record. If this describes you, then you might believe that you do not need to pay extra for a high liability limit on your automobile insurance policy because you believe that you could never be in a motor vehicle collision.
But even if you are a perfect driver, you can still be seriously injured in a motor vehicle accident caused by an uninsured, drunk driver, where you are unable to take corrective action in time to avoid a collision. Accidents happen, and some accidents are unavoidable, even if you are a perfect driver. If you have a low liability limit on your insurance policy, then your uninsured and underinsured insurance limits will generally also be low because they generally follow your liability limits. If the other driver is uninsured or has minimum liability limits, then you may end up in an unfortunate situation where you are unable to receive any compensation for your injuries, even though you were seriously injured.
You deserve to be compensated for your injuries when they are caused by another driver. But for you to be fairly compensated there must be adequate insurance money available, or the other party must have collectible assets. Many drivers on the road today carry minimum policy limits and have no collectible assets, and some drivers are uninsured. You cannot control whether a driver who hits you has insurance, or how much that driver has in liability limits, or whether that driver has collectible assets. When it comes to how much money is available to compensate you in the event of an injury caused by another driver in a motor vehicle accident, you can only control how much you have available in uninsured and underinsured insurance.
Protect yourself by carrying high uninsured and underinsured insurance policy limits. If you have questions about how to select an appropriate insurance policy, contact our attorneys today at Lower Columbia Law Group LLC.
We hope that you are never injured or in a motor vehicle collision, but if you are and the other driver is uninsured or underinsured, then you will be glad that you took steps to provide yourself with a better opportunity to be fairly compensated for your injuries.