For many people, price is the primary (perhaps even the only) consideration
when purchasing auto insurance. For them, paying extra for
UM/UIM coverage just seems like throwing money away. But if you are involved in a serious
accident, the presence of UM/UIM coverage on your policy may be the difference
between receiving fair compensation for your injuries or being forced
to take whatever you can get from an uninsured or underinsured defendant.
According to the
Insurance Research Council (IRC), the number of completely uninsured motorists in the U.S. has been steadily
decreasing for the past several years. In Pennsylvania, it has fallen
below eight percent. This may be due in part to more aggressive enforcement
of mandatory financial responsibility laws. What these numbers fail to
demonstrate, however, is the huge number of people who carry only the
minimum coverage required by law. In Pennsylvania, this is merely $15,000
per injured person and $30,000 per accident.
These amounts are wholly inadequate to provide compensation for even moderately
serious injuries. If your injuries are severe, being struck by a motorist
with minimum coverage is only marginally better than being struck by one
with no coverage at all. Purchasing UM/UIM coverage allows you to take
control of your financial security in case of an accident rather than
gambling that the person who hits you will be financially solvent and
well insured. This is a dangerous bet to make.
Of course, even if you have UIM coverage, getting compensation is not always
easy. UIM carriers often fight just as hard as the underlying defendant
to minimize your injuries and their obligation to pay compensation. That
is why it is so important to have your UIM claim handled by an experienced
auto accident attorney -
call Mayerson Injury Law, P.C. today!