With the cost of vehicle repair, medical related costs and lost wages, the financial repercussions of a car accident can escalate quickly. In the event an accident wasn’t your fault, you shouldn’t be the one to have to meet those financial obligations. It is the insurance carrier of the driver who was at fault that should have to pay for the damages. A common question, however, is who pays for the accident when a negligent driver doesn’t have coverage.
Addressing the Uninsured Motorist Problem
The problem of uninsured drivers is a significant issue in Florida and across the country. According to the National Association of Insurance Commissioners, one in seven drivers are uninsured. That puts the percentage of uninsured drivers at 13.8 percent nationwide, and it is estimated that this number has increased during the economic downturn.
Each state has its own requirements for insurance. Unfortunately, there are times where the at fault driver either doesn’t have insurance or their insurance isn’t adequate for the damages and injuries that result from an accident the driver caused.
The Importance of UIM Coverage
Uninsured motorist coverage, or UIM, plays a vital role in ensure proper insurance coverage. Without it, you may not be able to get the compensation you need to cover medical bills that are related to your accident, and these bills can be expensive and burdensome.
Much like liability coverage protects anyone that your vehicle injures during an accident, uninsured motorist coverage covers everyone in your household, even those that are too young to drive and are not named on your insurance policy.
This coverage is not required by law and it is an addition to your insurance policy. The protection it offers you as well as your entire family, however, is well worth its inclusion.
Let Us Put Our Experienced Personal Injury Attorneys to Work for You!
If you’ve been in an accident with an inadequately insured driver, an experienced Tampa car accident attorney may be able to fight for your rights. Call the injury law team of Abrahamson & Uiterwyk today at 1-813-324-5202 for a free consultation and case evaluation.