After you’ve been in a car accident, the most important thing to do is to make sure you and any other passengers are safe. Discovering that no one has been seriously injured is a huge relief, and you may feel comforted to know the accident wasn’t your fault. You might assume that the other driver’s insurance will cover any damage to you and your vehicle, but what if the person who hit you doesn’t have car insurance?
This is where uninsured/underinsured motorist coverage comes into play. If you’ve been in an accident with someone without sufficient liability coverage to pay for the damage, keep reading to find out why you should look into expanding your motorist coverage.
What Is Uninsured/Underinsured Motorist Coverage?
Uninsured/underinsured motorist coverage also serves to provide additional coverage for your injuries in the event that the responsible party has liability insurance coverage, but the limits of that coverage are inadequate to pay for your damages. In such situations, your underinsured motorist provision will provide coverage above the limits of the responsible party up to the limits of your underinsured motorist coverage.
Insurance Coverage in Maine
Many people in the state of Maine operate their vehicles with either no coverage or minimum coverage which means that often the insurance of the responsible party, if any, will be too low to cover the value of injuries sustained in an accident. The minimum limit of allowable liability coverage in Maine is $50,000. In the case of an even moderately serious injury, that $50,000 of coverage would not go very far in paying medical bills, lost wages and compensation for pain and suffering, loss of enjoyment of life, etc.
Motorcycle Coverage
Based upon our experience, we believe that uninsured/underinsured motorist coverage is the most important part of a motorist’s or cyclist’s policy. In Maine, the limit of uninsured motorist coverage is generally the same as the liability limit you select.
How Much Coverage Do I Need?
How much coverage is enough? If you own a house and have a family, you want to make sure that you are adequately protected in the event that you are injured and incur high medical bills and a significant period of lost wages. Everyone’s situation is different but even a single person with little in the way of monthly expenses needs adequate protection in the event that they are seriously injured in an accident. Increasing your policy limits may not be as costly as you think and would add greatly to your financial protection and peace of mind.
Call The 2’s at Lowry & Associates
If you’ve been in an accident with an uninsured or underinsured driver, it can be a challenge to know who to turn to. Our team at Lowry & Associates has experience with these incidents, and we’ll do our best to help you get the compensation you need to get life back on track. Give us a call or fill out our online form for a free case review!