If you are injured in a crash where the responsible party has no insurance, you may be flat out of luck. Sure they may get a ticket, lose their license, or even go to jail. But that will do you no good. You can always file a lawsuit against the person that caused the crash, but you will quickly learn that the chances of you receiving any compensation, much less what you deserve, is slim to none. Hopefully you will have health insurance to pay your medical bills. But if you don't, you will be responsible. That may be very hard to do if you are unable to work. Not to mention all of your other bills must be paid also. This is precisely why you need to have uninsured motorist coverage. If you do, an attorney might be able to help you make a recovery inorder to pay your bills, account for lost wages, and get you the compensation you deserve. How much coverage you need depends on your personal situation. You need to talk to your insurance agent to determine the amount.
Underinsured motorist coverage (UM)
You were hit by a drunk driver and as a result you broke your leg and were out of work for 3 months. The good news is you have a great case against the drunk driver. The bad news is that because he is a bad driver, he likely has minimal insurance coverage because that is all he can afford. In Indiana the minimum is $25,000. That is all that his insurance company is obligated to pay on his behalf. You will no doubt be upset when you learn that this will not cover all of your damages. As was the case with an uninsured motorist, you might just be out of luck and you're still responsible for the bills. The way to protect your family is by having UIM coverage. For instance in our scenario, if you have $50,000 in UIM coverage, the drunk driver's carrier would pay $25,000 and your carrier may pay an additional $25,000. Depending on your injuries and/or finanacial situation, $50,000 in UIM coverage may not be enough. Let your agent help you protect your family.