As a personal injury attorney, I have seen the devastating effects of hit and run accidents all too often. These accidents occur when a driver causes damage to a vehicle or pedestrian and then flees the scene, leaving the victim to deal with the aftermath on their own. The problem is only getting worse, with hit and run incidents on the rise in recent years.
The consequences of a hit and run accident can be severe. If the driver is not found, the victim may be left without a source of financial compensation to cover medical expenses, property damage, and other costs associated with the accident. This can be especially difficult if the victim is seriously injured and unable to work.
This is where uninsured motorist coverage comes in. If you are involved in a hit and run accident, uninsured motorist insurance can provide financial protection and peace of mind. This coverage can help cover the costs of medical bills, property damage, and other expenses that may arise as a result of the accident, just like the at fault driver’s liability policy otherwise would pay.
It’s essential to understand that uninsured motorist insurance is different from liability insurance. Liability insurance covers damages that you may cause to another driver, but it does not provide coverage if you are the victim of a hit and run accident. Uninsured motorist insurance, on the other hand, provides coverage for damages and injuries sustained by you or your passengers in an accident with an uninsured or hit and run driver. With up to half of all drivers in Texas driving without any liability coverage, UM/UIMVI coverage must be part of your plan to help cover your harms and losses from irresponsible drivers or hit and run drivers. Furthermore, given the extreme expense of medical care and the effect of inflation on the buying power of a dollar, you should really consider purchasing a higher dollar limit of coverage then the state mandatory minimum of $30,000 per person, particularly if you make your living with your hands or body or are a larger wage earner. Trying to save money and limit this coverage is penny wise and pound foolish.
If you are involved in a hit and run accident, uninsured motorist coverage can provide financial protection and peace of mind. I strongly recommend that all drivers consider purchasing this type of coverage to ensure they are adequately protected in the event of an accident.
This type of coverage is essential for drivers who may be unable to afford the costs of an accident caused by an uninsured or underinsured motorist. Drivers can benefit from uninsured motor vehicle insurance in a variety of ways, including:
Uninsured and underinsured motorist insurance (UM/UIMVI) can provide financial protection for drivers who are involved in an accident with an uninsured or underinsured motorist. This type of coverage can assist in covering the costs of medical bills, lost wages, mental anguish, physical pain, property damage, and other expenses that may arise as a result of an accident.
UM/UIMVI can provide drivers with peace of mind if they are concerned about the financial consequences of an accident with an uninsured or underinsured motorist because it helps to ensure that drivers are not left with a large financial burden in the event of an accident from someone else’s negligence.
UM/UIMVI can also provide legal protection for drivers who are involved in an accident with an uninsured or underinsured motorist by helping to cover the costs of legal fees and other expenses that may be incurred as a result of the accident.
To ensure you are adequately protected in the event of an accident, we recommend contacting your insurance provider to discuss increasing your coverage limits. Inquire with your provider about the maximum coverage limits for your policy and how much it would cost to increase your coverage limits. In this table, the Insurance Information Institute lists the minimum coverage limits in the state of Texas for your convenience. You can decide if increasing your coverage limits is the right decision for you once you’ve determined the maximum coverage limits and the additional cost.
Uninsured motorist property damage coverage is an important consideration for any driver. It can help protect you financially by covering the cost of vehicle repairs as well as any other property damage that may have occurred. It may also assist in covering the cost of a rental car if your vehicle is rendered undriveable because of the accident.
One advantage to property damage coverage is that it is frequently inexpensive. As a result, it is an affordable option for most drivers.
There are several reasons why drivers should consider adding additional riders to their car insurance policy. And when we say “riders,” we don’t mean passengers. Riders are clauses that allow you to tailor your insurance policy to your specific needs. Click here to read an article published by Forbes Advisor that goes into detail about the different types of riders available with different insurance coverages.
Riders on an auto policy can provide additional protection in the event of an accident with an uninsured or underinsured motor vehicle. Additional coverage may be provided for items such as:
Personal Injury Protection (PIP) can assist you in paying for medical expenses incurred by you as the driver and/or your passengers. In addition to medical bills, it may cover lost wages and other related expenses. It is especially useful if the driver or passengers do not have health insurance or if their health insurance does not cover all of the medical expenses incurred as a result of the accident. In Texas, PIP is typically low limits insurance, but it has the advantage of being no fault coverage and does not have to be paid back when a claim is settled with the at fault driver. In Texas this coverage is mandatory if not waived. Do not waive this coverage and do not allow an agent to talk you into Medical Payments coverage in lieu of PIP.
If the driver’s car is damaged in an accident, rental car reimbursement coverage can help pay for a rental car. It can help the driver get back on the road quickly and cover the cost of a rental car while the driver’s vehicle is being repaired or replaced.
If you are in need of a personal injury attorney in North Texas, please contact the team at McCraw Law Group today. We are ready to help you in a broad range of serious accident and injury legal issues, and offer multiple ways to reach us.
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If you are in need of a personal injury attorney in North Texas, please contact the team at McCraw Law Group today. We are ready to help you in a broad range of serious accident and injury legal issues, and offer multiple ways to reach us.