According to the Insurance Research Council (IRC), approximately one in seven drivers are uninsured.
As long as there have been vehicles, there have been irresponsible drivers. For instance, there are many people who are using vehicles on the roads of Illinois without insurance even though Illinois law mandates that drivers carry automobile insurance. Add the fact that we are living in tough economic times. What do you get? According to the Insurance Research Council (IRC), roughly one in seven drivers are uninsured.
Are you out of luck if you were in an accident and the other driver did not have insurance?
The answer is, probably not. If you have automobile insurance, you may be covered by your Uninsured Motorist and Under-Insured Motorist coverage. If you get into an accident with an uninsured motorist who is at-fault, you can receive compensation from your own policy. This is true if you were in an automobile AND it is also true if you were on a bicycle or if you were a pedestrian. Many people fail to realize this and unknowingly give up on their rights to compensation. The insurance companies love these folks.
Compensation for Personal Injury
In the event you must use this part of your coverage, your own insurance company essentially becomes your adversary, since you are attempting to have them pay you for your personal injury damages (medical expenses, lost wages, pain, suffering, disability, loss of a normal life, and disfigurement). This is the coverage YOU have purchased and should not hesitate to use. (Learn more – Injured by an Uninsured Driver)
The most important elements to be considered in just about every accident case involving injuries are:
- What happened to cause the injuries? (Who was at fault?)
- What are the damages? (Do you have a sprained pinky finger or did you suffer a more catastrophic injury?)
- What insurance is available to cover your injuries (this is where your UM/UIM coverage may become important)?