Chicago, Illinois, like most metropolitan areas, has mandatory minimums when it comes to motor vehicle insurance. While there are minimums and criminal penalties for failing to carry those minimums, there are still hundreds of uninsured or underinsured motorists in the city.
Sadly, when these individuals cause an accident, the traditional means for collecting compensation change – and you may feel as though you are out of options for your injuries. When an accident occurs, regardless of a driver is uninsured or underinsured, you still have options.
Naturally, you should consult with an accident attorney that has experience with uninsured or underinsured motorists too. An attorney identifies which options apply to your case, and helps you retrieve the compensation you need for your injuries.The Real Costs of a Motor Vehicle Accident
Many of us are unaware of how much a motor vehicle accident will cost us in the short and long-term. However, the National Safety Council wants drivers to be aware of what these incidents cost, which is why they created a list of lifetime costs for an accident.
These estimates include wages, medical costs, and property damage compiled in 2010.
●Lifetime Costs of a Death - $1,410,00
●Lifetime Costs of a Non-Fatal Accident - $70,200
●Property Damage - $8,900Uninsured versus Underinsured
Uninsured motorists have no automobile insurance. Therefore, they have no insurance policy in place to cover the damages or injuries that they cause.
An underinsured motorist has insurance coverage, but they either fall below the state minimum requirements or their insurance amounts are too little to cover the damages of the accident. When a person buys an insurance policy, the insurance company is only liable for the maximum payout of that policy. Therefore, if the collision coverage is $500,000, but your claim is for $1 million, the insurer still only pays $500,000.Accessing Coverage when Drivers are Uninsured
While a driver may not have automobile insurance, you can still receive compensation for your injuries. For starters, your attorney will file a claim with your insurer to access your uninsured motorist coverage.
To unlock your uninsured motorist coverage, the state of Illinois requires that you have the following circumstances:
1.The other driver was at-fault for the accident
2.The other driver is uninsured
Your uninsured motorist coverage can pay for your property damage, medical costs, and other losses when the other driver has inadequate coverage or no coverage. However, the process of filing such claims is extremely complicated.Hire an Attorney to Access Uninsured Motorist Coverage
If you have been in a car accident with an uninsured or underinsured motorist, it is imperative that you speak with an attorney. An attorney can help you navigate through the complicated process of filing a claim, but also negotiate with insurance companies to ensure you access the coverage you bought.