Underinsured Motorist Coverage

We once settled a lawsuit for $100,000 against an underinsured motorist for one of our clients who was seriously injured. A $100,00 settlement may seem like a great result. However, after paying medical bills and subtracting the costs of the lawsuit and attorney fees, the result was not as good as you would reasonably expect.

This case could have resulted in a much better financial settlement had our client had greater coverage (more uninsured/underinsured motorist coverage) with her own insurance carrier. Uninsured motorist coverage protects you against uninsured motorists, underinsured motorists, and unidentified drivers or phantom drivers who cause accidents. Had our client had $200,000 in uninsured motorist’s coverage on her automobile policy, she may have received as much as another $100,000 in settlement proceeds from her insurance company. By taking the time to review your policy, especially with your insurance agent, you may find that you can obtain higher uninsured motorist coverage and pay for that added coverage by increasing your deductible, thereby avoiding an increase in your total premium. CONTACT US for your FREE consultation if you have any questions.