Collisions with underinsured or uninsured drivers can leave victims with few options for recovering compensation for their injuries and property damage. However, the right attorney can make a huge difference in the outcome of these cases. At ChancoShiffer P.C., our attorneys understand how to stack insurance policies to make sure you have coverage for any damages that result from uninsured driver accidents. Schedule a free review of your legal options today to learn how we can help.
Sometimes, car accidents occur with a driver who is uninsured or underinsured. In these cases, you will rely on your own coverage to compensate for your medical bills and other expenses. The following policies may be relevant in your case:
Uninsured Motorist Coverage – this is part of your own policy and protects you and your passengers in the event of bodily injury. It kicks in when the at-fault driver lacks liability coverage. Uninsured motorist coverage pays “compensatory” damages for any bodily harm you and your passengers suffer, up to the limits outlined in your policy.
Underinsured Coverage – This policy applies when an at-fault driver has liability coverage, but the policy limit is not enough to cover the full extent of your injuries. It’s not uncommon to use this kind of coverage following a car accident – medical bills can easily run into the tens of thousands, even in the case of relatively minor injuries. If you have underinsured motorist coverage, your policy will pay for any additional compensatory damages not covered by the other driver’s policy, up to your own policy limits.
These two types of policy coverage provide compensation for your tangible losses following a car accident. These may include property damage, medical bills, lost wages, or any other relevant expenses. These coverages provide you with important protection, since they provide an important source of financial relief in accidents involving uninsured or underinsured drivers.
“Stacking” your insurance coverage can be an effective way to protect yourself and your passengers in the event of an accident with an uninsured, or underinsured, driver. Say, for example, you own two vehicles and carry $50,000 each in uninsured or underinsured motorist coverage. If you exceed your policy limit for bodily injury or property damage, stacked coverage allows you to file a claim with both policies, which can prevent the need to dip into your personal assets following a crash.
Stacking policy coverage allows you to have higher coverage limits following an accident, which can be valuable following an accident with an uninsured or underinsured driver. Consider this to protect yourself and your passengers in the event of a car accident.
If you or your loved one has recently suffered harm in a car accident involving an uninsured or underinsured motorist, you may find it difficult to negotiate with your insurance company. Getting an attorney involved in the process can make the insurance company take your claim seriously.
The lawyers at ChancoSchiffer P.C. are committed to protecting your right to compensatory damages under Georgia law. Contact us today to schedule a free case evaluation with our firm.