Do Drivers Really Need Coverage For Uninsured Motorists?
When purchasing auto insurance, there are many different coverage options. Some of the types of auto insurance coverage available to drivers are mandatory, such as liability insurance in most states. But other types of protection, such as uninsured motorist coverage, may not be required depending on the state.
For motorists who do not live in a state where coverage for uninsured motorists is required by law, deciding whether to pay premiums for this type of protection can be a complicated choice. The reality, however, is that most drivers should probably have uninsured motorist coverage for one simple reason – it could save them serious financial loss.
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One in eight people drive without insurance
When you are involved in a car accident, the responsible driver’s insurance company is usually expected to pay for losses resulting from an accident. If your car is damaged in the accident, the driver at fault should generally be legally responsible for paying to repair or replace it. And if you do get injured, the offending motorist should pay for your medical bills and lost wages (in most states) and may even be required to compensate you for any pain and suffering you endure.
Unfortunately, the driver who injures you may not to have insurance cover. In fact, the chances of this happening are not negligible, despite the fact that the majority of states in the United States require motorists to maintain liability coverage.
The reality is that the research of the Insurance Information Institute conducted in 2019 found that about 12.6% of motorists do not have insurance coverage. That’s about 1 in every 8 conductors.
Unfortunately, these uninsured drivers are often more likely to be involved in crashes. This is because drivers who tend to be irresponsible in purchasing the required insurance may also be irresponsible in their other driving habits.
If you have an accident with an uninsured driver, you might have a hard time getting compensation for the losses.
It is possible for injured motorists, or those who have suffered property damage, to take legal action against the driver at fault, even if that driver does not have insurance. The problem is, the uninsured driver may simply not have the money to pay for the losses, even though they are held liable under the law.
All of this means that an injured accident victim who is involved in an accident with an uninsured driver may not have the opportunity to obtain compensation for financial losses. Coverage for uninsured motorists can help in these situations. This can ensure that an accident victim does not face unpaid damages that must be paid out of pocket just because the victim is unlucky enough to collide with someone who has not. maintained insurance coverage.
The reality is that coverage for uninsured motorists is often a very affordable addition to an insurance policy. And the protection it offers could be invaluable, due to the very real risk of being involved in an accident with a driver who has no insurance – or the money to compensate without it.