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Why Uninsured Motorist Coverage Is Important

Posted on 06/05/2012

Recently, there was a case that in which a victim of a car accident did not receive the settlement he deserved because he did not have the proper insurance coverage to ensure he was taken care of. While a tragic circumstance, without the right insurance coverage, there was nothing his attorney could do to collect because of the law.

The victim of the car accident suffered multiple herniated disks and was out of work for 8 months. During this time nearly $42,000 in medical bills were racked up and $35,661 in wages were lost.

The first amount that Liberty Mutual Offered for settlement before the arbitration was $45,000, which was clearly an unfair offer because of clear liability. In the case, the arbitrator awarded $265,000. Although this was an excellent settlement, the client was only able to collect $100,000 because that was the policy limit and unfortunately, that was all the coverage he had and the law does not allow him to collect anymore.

Having the proper insurance is important. You should check your own policy to make sure this predicament is prevented. If you would like a free review of your insurance policy by an Ohio car accident lawyer or would like to order a FREE copy of The Ultimate Guide To Buying Car Insurance In Ohio, call 800.637.8170 today.