Underinsured or uninsured motorist coverage is a form of motor vehicle insurance that is optional for drivers to carry. However, this insurance coverage can be critical for individuals to maintain, whether they are injured in car accidents or bicycle accidents involving motor vehicles. Uninsured/underinsured motorist coverage may provide payment when the driver responsible for causing your motor vehicle accident has no insurance coverage or insufficient coverage to pay for your injuries.
State law requires that drivers carry only minimal amounts of liability insurance. As a result, even if drivers have the minimum required coverage to be legal, it may be insufficient to cover the full extent of your injuries. In this situation, uninsured or underinsured motorist coverage comes into play. Once the insurance company for the at-fault driver pays out an amount equal to the maximum policy limits, you can look to your own uninsured or underinsured motorist insurance policy for additional compensation up to the amount of coverage purchased under the uninsured/underinsured motorist plan.
However, if you have chosen not to carry underinsured motorist coverage, then you may have medical expenses that are not covered by any form of insurance. In the case of catastrophic injuries, these expenses can be significant. By not carrying uninsured or underinsured motorist coverage as part of your motor vehicle insurance policy, you risk incurring substantial medical expenses if the party who causes the injuries either has no coverage, cannot be found, or has too little coverage to adequately compensate you for your damages. Even if you have health insurance, you likely are subject to deductibles and co-payments that contribute to your out-of-pocket costs. If you do not carry uninsured or underinsured motorist coverage, you may end up with unanticipated medical bills that you cannot afford.
Not sure if you have uninsured/underinsured motorist coverage, or want to know how much coverage you need? Feel free to reach out to us for a free consult and recommendation.
When you have been injured in a bicycle accident, you need an attorney who can stand up for your interests from the outset of your personal injury claim. It is our goal to evaluate the facts and assess your potential claim. This step will allow you to explore your options and help you build the most substantial claim for compensation possible. Do not hesitate to contact Bonnici Law Group at 619-259-5199 today and set up an appointment to speak with us soon.