August 15th, 2011|
My client was a truck driver who sustained significant injuries in an accident that wasn’t his fault. The driver who caused the accident only had $100,000.00 in liability insurance – which wasn’t enough to cover his injuries to his neck, shoulder and arm.
But my client had planned ahead, and paid an additional premium for underinsured motorist coverage in his high-limits policy. Underinsured motorist coverage is money you get from your own insurance company when the losses you sustain are greater than what’s available under the at-fault driver’s liability policy.
It is important to have this coverage because Ohio law only requires drivers to carry $12,500.00 of liability coverage. So if you’re seriously injured in an accident that isn’t your fault, and the other driver carries the state minimum coverage, you won’t receive full compensation for your injuries unless you’ve purchased underinsured motorist coverage.
In the case of my truck driver client, the at-fault motorist’s insurer paid the policy limits of $100,000.00, while his own insurance paid an additional $550,000.00 – for a total combined resolution of $650,000.00.
Do you really have full coverage? Our law firm has a page on this website that allows you to take a quiz to see if you have quality insurance coverage. Please feel free to contact us, free of charge, so we can help you review your insurance policy. Be smart, too – make sure you have underinsured motorist coverage to protect you and your family today.
Authored by Attorney Andrew R. Young – Class A CDL License