Missouri Uninsured and Underinsured Motorists
Thousands of Missouri drivers are involved in accidents each year with other drivers that are either uninsured or underinsured.
The law in Missouri requires all drivers to have insurance. However, thousands of Missouri drivers are involved in accidents each year with other drivers that are either uninsured or underinsured.
The minimum requirement of liability insurance in Missouri is:
- $25,000/person for bodily injury
- $50,000/accident for bodily injury
- $10,000/accident for property
Uninsured Motorist Accidents
An uninsured motorist is a person that does not maintain insurance on their vehicle but continues to drive. There are thousands of uninsured motorists in Missouri. An uninsured motorist is at risk of losing their license but there is not currently an effective program to make a person maintain insurance on their vehicle.
If you are involved in an auto accident with an uninsured driver, your claim for vehicle damage and medical bills is filed with your insurance company. This is referred to as an uninsured motorist claim.
Underinsured Motorist Accidents
Sometimes when people want to reduce their monthly expenses, they cut back on their car insurance, opting for only minimum coverage. However, this can result in being underinsured and that can be a problem for you.
What Is Uninsured and Underinsured Motorist Accident Coverage?
Uninsured/underinsured motorist accident coverage is insurance intended to provide benefits in the event the person responsible for your car accident or truck accident lacks insurance or does not have sufficient insurance to compensate you for your injuries. Typically, uninsured and underinsured motorist coverage is subject to coverage limits.
For example, if you bought uninsured-underinsured motorist coverage with a policy limit of $100,000, and you have extensive injuries that would require in excess of that amount, and the person responsible for the accident had $25,000 of insurance coverage, then you would collect the $25,000 from the responsible party’s insurance company, and your insurance company would kick in $75,000 to ensure you received $100,000 of compensation.
Uninsured and underinsured motorist coverage is especially handy if the person who caused the accident is uninsured or has a very low amount of insurance coverage for accident victims. It can also provide coverage in a hit-and-run situation or where the driver’s insurance denied the claim or had no insurance coverage. We have also seen uninsured/underinsured motorist coverage used to compensate accident victims when the responsible party’s insurance company becomes insolvent.
How Can The Hoffmann Law Firm, L.L.C. Help?
To discuss your serious injury claim and learn whether uninsured or underinsured motorist insurance is available for your claim, please contact The Hoffmann Law Firm, L.L.C. and schedule a free consultation with an experienced, aggressive attorney who only handles motor vehicle accident claims. Call us at (314) 361-4242 or fill out our online contact form.Google+