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A requirement to carry insurance isn’t necessarily a guarantee

On Behalf of | Oct 18, 2017 | Car Accidents |

Being in a motor vehicle accident can be traumatic and unnerving. Chances are, you might follow traffic laws to the letter in hopes of preventing a similar event but even the safest of drivers cannot avoid every collision, as others might not always adhere to the rules of the road as strictly as you do.

Every collision runs the risk of ending in disaster, and if you suffer serious injuries in the process, the financial ramifications of a need for medical treatment can weigh heavily upon you. This can be stressful enough on its own, but what happens if the party who is responsible for the accident doesn’t carry enough insurance to cover your needs?

Carrying coverage for those who don’t

While Oklahoma law requires every driver to carry liability insurance at the minimum, unfortunately, some may attempt to get by without it. There are additional forms of insurance coverage that can protect you against such a potentially devastating outcome, such as:

  • UM coverage:  Uninsured motorist insurance coverage can prove beneficial in the event of an accident involving a driver who doesn’t carry any coverage at all. UM can step in and provide you with compensation for your injuries, but there may be a limit to this coverage.
  • UIM coverage:  In some cases, the other driver may carry insurance, but his or her limits might be insufficient to cover your needs. In this instance, underinsured motorist coverage can be helpful since it could assist with the amount that exceeds the coverage provided by the other party’s insurance.
  • UMPD:  While the previous options provide coverage for bodily harm, uninsured motorist property damage insurance could assist in coverage pertaining to damage to your vehicle, or even personal items within it at the time of the collision.

Having additional coverage can be exceedingly beneficial, but with the extensive costs of medical care, you may still need financial relief, but you might be uncertain where to turn for help.

Advice and assistance

Suffering serious injuries due to the negligent actions of a driver with insufficient insurance coverage can be a stressful and daunting process. With the weight of your financial obligations pressing down, you may feel as though there is no way out of your current predicament. You could choose to consult someone who is knowledgeable in Oklahoma laws concerning your situation, which could provide you with guidance on the options available to you and help you in pursuing the compensation you deserve through every applicable outlet.