It is estimated that one in four motorists do not have an auto insurance policy with adequate coverage to pay for expenses if they are involved in a motorcycle accident.
Some motorists may not have any insurance coverage at all. If you suffer injuries in a motorcycle accident, but the motorist at fault does not have enough insurance to cover your expenses, our Chicago motorcycle accident attorney from Willens Law Offices can help you recover compensation for your medical needs.
It is mandatory by law in Illinois for all drivers to have an auto insurance policy with a coverage amount of at least $20,000. In many cases, however, the minimum amount of coverage required by the state is not enough to cover a person’s medical expenses and financial losses due to long-term absence from work in the event of a motorcycle accident. In situations where the party at fault does not have adequate insurance, the victim’s insurance company may be liable to pay the remaining amount. This is exactly where uninsured or underinsured motorist insurance steps in.
Claiming Compensation from Uninsured and Underinsured Motorcyclists
The uninsured or underinsured coverage may be a part of your regular insurance plan or an add-on to your existing policy. It is always a good idea to check with your insurance provider whether your existing auto insurance policy provides compensation for expenses that might occur as a result of a motorcycle accident caused by uninsured or underinsured motorists. You can easily include it in your policy with a small increase in your premium amount. This coverage may help you recover financial compensation from your insurance company if the party at fault does not have enough insurance.
Auto insurance policies often provide both uninsured and underinsured coverage. In general, first claim the full compensation amount from the party at fault, but if the responsible party’s insurance lacks sufficient coverage, claim the difference between your total expenses and the responsible party’s coverage from your own insurance company. In some cases, however, recovering from two insurance companies would be challenging, because each company may try to avoid paying the full amount.
Why Speak With a Chicago Motorcycle Accident Lawyer?
A personal injury lawyer can give you the best advice and guidance on how to present your case effectively and handle both insurance companies, so that you can recoup maximum compensation amount. Contact Willens Law Offices at (312) 957-4166. We will help calculate the compensation you can claim and also recover the amount on your behalf from the party at fault as well as from your insurance company.