Filing a Claim Against Uninsured or Underinsured Motorists

 Posted on December 00,0000 in Car Accidents

We get insurance for a variety of reasons. It is a financial investment toward risk management. People will insure valuables, their health, or even other people for worst-case scenario situations. Not every insurance situation will cover 100% of damages, but they will lessen the financial burden after an illness, death, or stolen item. In Illinois, automobile insurance is required by law. When a car accident happens, it is the party that caused the accident’s responsibility to provide compensation for damaged property, medical bills, or pain and suffering. An insured driver will have assistance with this, but what happens when crashes involve uninsured or underinsured motorists?

What Are the Minimum Insurance Requirements?

There are minimum requirements for all auto drivers in the state of Illinois. All drivers are required to be insured at a minimum of the following:

• $20,000 - property damage of a third party
• $25,000 - injury or death of someone in an accident
• $50,000 - injury or death of more than one person in an accident

A person without auto insurance can face more than $1,000 in fines if they are caught, and it is possible to get their license plates suspended. Despite that, people avoid getting auto insurance because it is expensive or they do not trust the system. When getting into an accident with an uninsured driver, an accident victim may worry about financing car repairs or medical bills. If the other party in the accident does not have insurance, then it still may be possible to get compensation. When this happens, drivers are protected by underinsured and uninsured coverage as part of their insurance package. In Illinois, this is automatically included in auto insurance plans.

When it comes to damage to a car and medical bills, a person’s insurance may not be enough to pay out if they are just carrying the minimum. Uninsured motorist coverage can also be used to compensate for damages on top of the other party’s insurance. For example, if the total amount of damages caused by a car accident is $40,000, and the other person’s insurance only covers half, then a person can ask their own insurance company to cover the rest. This can only reach the maximum dollar amount that the uninsurance motorist coverage allows.

Contact an Orland Park Car Accident Lawyer

Insurance is there to help us in an emergency, but auto insurance companies often push back on legitimate claims. Despite paying premiums on time, your own insurance company may refuse to pay out as well. At the law office of Khaled Issa, we understand how to work with insurance companies to make sure you are not financially stuck after a car accident. Get in touch with an experienced Orland Park car accident attorney today. Set up a free consultation by calling our office at 708-966-2408.

Source:

https://www.cyberdriveillinois.com/departments/vehicles/mandatory_insurance.html