Everyone dreads the monthly payments to their auto insurance carrier, no matter who the company may be. However, there are some important decisions that we all make regarding our policy coverage and should not be overlooked or ignored.
Uninsured or Underinsured Motorist Coverage
Many people are unsure what uninsured motorist coverage is and often look at this type of coverage as an unnecessary addition to their car insurance. Uninsured/Underinsured motorist coverage (or UIM coverage) allows recovery for those injured in a vehicle collision due to the negligence of another driver. If the negligent driver is not insured or is underinsured, your UM coverage will kick in and allow for damages toward your injuries. The amount added to your monthly premium for this coverage is nominal in comparison to the potential disastrous situation many without underinsured motorist coverage face each day.
So why it is necessary to have UIM coverage if the at fault party has bodily injury coverage? The answer to this may vary depending on the amount of bodily injury coverage and the extensiveness of the injuries. For example, say you were in an unfortunate and unavoidable accident where another party was at fault. As a result of this accident, you are rendered permanently disabled, are only able to work to some degree and will forever be in pain. The at-fault driver had (the minimum mandated by state law) a 10/20 policy. This policy will provide you personally, at most with the $10,000 of coverage to recover. This amount is for your future medical expenses, potential care you may need and considered reimbursement for the pain and suffering you have sustained. Initially, $10,000 sounds like a great deal of money, but those costs add up quickly especially if there are medical liens above and beyond what your personal injury protection policy will cover.
As a personal injury attorney, I see too often where there is not enough insurance to go around and someone is left with no ability to work and provide for their family and there is no insurance to help cover their expenses. Without this safety net, you and your family could be left in perilous financial strife.
Concerns with suing your own insurance company
Unlike the scenario above, if you actually have UIM coverage and your insurance company is refusing to disburse policy limits or is failing to give you the amount you need as a result of this accident. A frequent question that I hear is, can my insurance premiums increase if I sue them for my UIM coverage? Quite simply, no they cannot increase your rates. You were not at fault in this accident and you were a victim of someone else’s negligence. Every month, you pay a premium to protect you and your family from this type of unfortunate incident. Insurance companies are money makers. They have high hopes that they will not need to pay you your UM policy limits, so often times even if you have legitimate injuries, they will strong arm you and refuse payment. Do not let these multi-million dollar conglomerates bully you. They are required to do their due diligence and investigate claims in good faith with it comes to their insured’s.
Call the Sibley Dolman Gipe Accident Injury Lawyers, PA
If you have a similar scenario to the one described above or you need assistance handling your claim, look to the Sibley Dolman Gipe Accident Injury Lawyers, PA. Our team of experienced attorneys will be on your side and fight back against these money-making insurance companies. If you would like to speak with myself or any other attorney at the Sibley Dolman Gipe Accident Injury Lawyers, PA call: (727)451-6900.
Sibley Dolman Gipe Accident Injury Lawyers, PA
800 North Belcher Road
Clearwater, FL 33765