Liability insurance is mandatory for every motorist in Monument. Unfortunately, some people do not comply with this requirement. This creates a significant risk for both the motorist without insurance and any driver they collide with. The uninsured motorist is left without protection against third-party liability claims, while the injured driver could be out of luck when trying to recover compensation for their injuries.
If the driver that struck you does not have liability insurance, recovering damages could become complicated. Thankfully, a seasoned injury attorney could assist you in finding a source of compensation. This could include the other driver’s personal assets or your own insurance policy. With the assistance of a Monument uninsured car accident lawyer, there could be a way to find monetary compensation despite the other driver’s lack of coverage.
The liability insurance requirements in Monument are similar to those in states around the country. These requirements serve as minimums, meaning each driver has the right to carry more than this mandatory amount. Should they carry less than the minimum coverage, they could face fines in addition to any civil liability to which they may be open.
Every driver must carry at least $25,000 in bodily injury coverage for each person injured in a crash. These policies also must carry at least $50,000 for all injuries involved in a single collision. Additionally, a driver must have $15,000 in property damage coverage to repair the other motorist’s vehicle.
These requirements are only for liability insurance, which protects a driver from a claim for compensation from other motorists. However, this coverage does not cover the driver’s own damages. Policies that cover the insurer are typically available, but voluntary.
Some voluntary insurance policies cover a driver from motorists without coverage. These are known as uninsured motorist policies. These policies cover a driver’s losses when the at-fault party lacks insurance or does not have enough coverage to pay for all of their damages.
Recovering compensation on these policies begins with a person filing a claim with their own insurance company. Like with any policy, there is always a risk of denial. In other circumstances, an insurance company may take a while to respond to a claim if they are investigating whether the other motorist was covered by a policy after all. A Monument attorney could assist a person with filing an insurance claim after a car accident with an uninsured driver.
In most accidents, injured drivers often rely on the insurance of the at-fault party to recover compensation. While the claims process is rarely simple, it may result in the compensation the injured driver needs. While this process is common, that does not mean compensation is unavailable through other sources.
If the at-fault driver was uninsured, a motorist has a right to file a lawsuit against them directly. Even without an insurance policy, that driver could have assets that could be used to compensate an injured motorist. A Monument uninsured car accident attorney could work with a plaintiff to identify potential assets the at-fault driver might own.
Car accidents are inherently stressful. That stress could become magnified substantially when the at-fault motorist does not have liability coverage. Despite this stress, the right attorney could help you hold an uninsured driver accountable. A Monument uninsured car accident lawyer could help you protect your rights after a collision. To learn more, set up an initial case evaluation today.