Unfortunately, there are motorists who take the risk of driving uninsured and even less fortunate are the individuals who are involved in collisions with these drivers.
Los Angeles, CA (PRWEB) December 30, 2009
Motorists must remember that operating a motor vehicle is a privilege; along with this privilege comes the responsibility of abiding by the insurance laws of the state. Unfortunately, at any given moment there is a great deal of individuals who make the unwise decision to drive without proper coverage in place. OnlineAutoInsurance.com is advising motorists to protect themselves from these drivers which may help lessen the blow financially after being involved in a collision with one who is not insured.
According to the Insurance Information Institute, it is believed that one in every seven driver in the U.S. does not carry a policy which can negatively impact the remaining drivers who do. Although many consumers look to purchase cheap auto insurance policies, there is a very cost effective addition to coverage that can be well worthwhile to protect from drivers who are not insured.
Uninsured and Underinsured Motorist coverage is a very beneficial type of coverage that can be found at a very affordable rate and may end up being worth the extra premium. Although Uninsured Motorist is required by law in 20 states, only 5 states require Underinsured Motorist coverage; the majority of states allow the purchase of this protection to be optional and unfortunately, many policyholders choose not to purchase it.
These types of coverage will compensate policyholders in the event that they are struck by a motorist who does not have a policy, is underinsured or if victim of a hit-and-run. With the exception of No-Fault states which generally allow the insured to collect from their insurance company regardless of fault, motorists may have to follow court proceedings in order to obtain compensation from the other party; if in a No-Fault state, the insured can only collect up to the policy limits which may not cover the cost of the policyholder’s injuries or losses.
A worse case scenario is being a victim of a hit-and-run where they other party is unidentifiable which would leave the victim unable to file a lawsuit and would have to absorb financial losses on their own. There are certain states that take the number of uninsured motorists into account and will try to ensure proper compensation for the victim. The state of Idaho may suspend the license of the uninsured driver for six years or until payment is settled for a traffic collision.
Uninsured/Underinsured Motorist may be affordable and can be extremely beneficial. Motorists may visit http://www.onlineautoinsurance.com/cheap/ to obtain free quotes from various companies in order to determine whether or not this additional protection is within their budget.