Underinsured Motorists in Austin
Although most car owners in the United States own car insurance, about 14% do not, and many motorists are underinsured. While this may initially seem inconsequential, it can have large significance if you happen to be involved in a car accident with an underinsured motorist (UIM). In that situation, you will have to pay your own expenses; the other motorist may not be held financially responsible. This may even be true if you take the case to court and win. Accidents involving underinsured motorists can be stressful for every party involved.
Underinsured Motorist Insurance
Do not give up hope if you have been involved in an accident with an underinsured motorist. You may be able to receive compensation. Some states require car owners to purchase underinsured motorist insurance as a means of protection. It is a safeguard in case you have an accident with an underinsured (or uninsured) motorist. Getting into an accident with an underinsured motorist can have the same results as with uninsured motorists. Underinsured motorists have car insurance—they just do not have enough to be of any great value if an accident occurs. Again, uninsured motorist (UM) insurance is necessitated by law in some states.
If you live in a state that does not require underinsured motorist insurance, it is nonetheless wise to purchase it. If you are involved in any way in an accident with an uninsured or underinsured motorist, your insurance will assist you with your payments and relieve you from having to make the full payment.
What can you do as a victim?
Some states require underinsured motorist insurance; others do not. In the states that do require it—and if a car owner does not have it—the penalties vary. For example, a motorist that does not have the required insurance and is not at fault in the accident may be denied certain compensation based on the fact that he or she does not have the mandatory car insurance.
If you have been in an accident with an underinsured motorist, you may be feeling helpless and overwhelmed by the potential forthcoming cost. You may put those anxieties to rest because there are many factors yet to be considered. At Zinda Law Group, our car accident attorneys are committed to pursuing your best interests. We take the Texas Lawyer's Creed seriously, so you can count on us to give you trustworthy guidance. You should immediately seek the help of an experienced Personal Injury lawyer from our firm if you have been in a car accident with an underinsured motorist. We are here to help.