Civil cases can also take several years to reach a judgment, leaving you unable to take care of your immediate obligations.
Fortunately, there are options to protect insured drivers against the uninsured. The most basic protection can be found in a comprehensive insurance policy that includes physical damage or collision insurance.
With this type of coverage any damage caused to your automobile by an uninsured driver, or even a hit and run situation, is covered by your insurance company. Unfortunately, this does not extend to any injuries that may have occurred as a result of the accident. This is where an uninsured driver insurance policy comes in.
This type of policy covers both physical damage to your vehicle as well as any medical expenses related to the accident. In some cases, the policy will even take care of the bill for your rental car while your repairs are underway.
Typically handled as an add-on to your current insurance policy, it can also be combined with something called underinsured driver insurance. This type of insurance acts as a stop gap for dealing with accidents that involve drivers carrying only the bare minimum liability insurance required by law.
This minimum coverage may not be enough to take care of all of your medical care or recovery costs. With underinsured driver insurance, your insurance company will bridge the gap between what the at-fault driver’s insurance provides and the price of your care, ensuring that you wont have to deal with any financial hardship in addition to your injuries.
While it may seem tempting to roll the dice when it comes to accident coverage and uninsured drivers, when you consider the low cost of this type of insurance (typically between $10 and $15 per month), it seems like affordable peace of mind.
Insurance is something we all pay into in the hopes that we will never have to benefit from our investment, but when that day comes, the most comprehensive coverage you can afford is always the easiest and most prudent choice.