Uninsured Motorist Coverage
Need a lawyer for an injury case in Marietta, GA?
Many households these days are working on tighter budgets and are looking
for ways to cut back on their monthly expenses. Based upon our experience,
it unfortunately appears that many people are choosing to reduce the liability
coverage on their automobile insurance policies or drop it altogether.
If you are injured by an uninsured driver or one with insufficient coverage
for your claim, you may not be able to recover fair
compensation for your claim. For this reason, we encourage all of our clients to discuss
uninsured and underinsured motorist coverage with their insurance company
or agent. Uninsured motorist coverage, or UM, is an additional coverage
on your own auto insurance policy which provides coverage to you, your
family, and any passengers in your car in the event you are injured by
someone with little or no liability coverage. Please note that under Georgia
law, insurance companies are prohibited from charging a surcharge for
claims made under your own policy where you are not at-fault.
Reduced vs. Excess UM
There are two kinds of
uninsured motorist coverage available to Georgia drivers. Reduced UM is the more traditional
of the two types of coverage. Although it has significant shortcomings,
having some form of UM is certainly still preferable to none. Choosing
reduced uninsured motorist coverage means you will be provided coverage
only in instances where the at-fault party’s coverage is less than
your own coverage. Furthermore, the coverage is only applicable to the
extent your policy is greater than the at-fault party’s coverage.
For example, if you obtain a $100,000 reduced UM policy and are injured
in an auto accident by someone with no coverage, you can make a claim
through your UM insurer for up to $100,000. Or, in the event you are injured
in an auto accident by someone with the state minimum $25,000 in liability
coverage, your uninsured motorist coverage will be reduced by that amount
and provide you with only $75,000 in coverage for a total of $100,000
Conversely, excess UM coverage, also called add-on UM, provides insurance
to you, your family, and your passengers in addition to any coverage held
by the at-fault party. Using the example above, an excess uninsured motorist
policy would still provide you with $100,000 in coverage where the at-fault
party has no insurance. However, where the at-fault driver’s coverage
is $25,000, your $100,000 excess UM policy will provide you and your loved
ones with up to $125,000 in total coverage. In the event you sustain significant
injuries and incur extensive medical expenses, the difference in having
no UM coverage, reduced coverage, or excess coverage can be drastic. Interestingly,
the difference in cost between reduced and excess coverage is often minimal.
Need a lawyer for a personal injury case in Marietta?
The uninsured motorist attorneys at Jones & Swanson have years of experience
handling claims involving multiple insurance policies, especially UM coverages.
Many times Marietta auto accident victims are unaware that such coverage
may exist and that they may be afforded UM coverage under several different
policies. If you have been injured in an auto accident it is important to
contact the Marietta personal injury attorneys at our firm quickly for a free consultation. Nearly all uninsured motorist
policies require prompt notice of an accident and potential UM claim.
At Jones & Swanson, our attorneys and staff are dedicated to providing
you with quality representation and are happy to review your potential
claim by telephone at (888) 618-2423.