Almost every state requires motorists to carry liability coverage to protect other drivers injured in accidents they cause, but the minimum coverage requirements may not be enough if you’re seriously hurt in an accident. But what if the driver who hits you doesn’t have the coverage they’re supposed to? While you have the right to hire an attorney and try to collect compensation for your losses, an umbrella insurance policy with uninsured motorist coverage can cover those damages for you.
Why Umbrella Insurance Is a Smart Investment
Like most states, Nebraska’s auto insurance minimums are fairly low, with only $25,000 per person in bodily injury damages and $50,000 per accident. That may sound like a lot, but even relatively minor injuries requiring one simple surgery can quickly exceed that minimum. Once the other driver’s insurance has paid out their policy limits, you’re responsible for the rest of it. If they don’t have any insurance, you’ll have to cover the entire bill.
When your damages exceed the other driver’s coverage limits, your attorney can file a lawsuit on your behalf to collect the rest, but this approach can take time, and its success depends on whether they have the resources to pay your bills. In general, drivers who don’t have auto insurance can’t afford it, which means they probably don’t have many assets for you to seize in a suit.
How Umbrella Insurance Can Help
An umbrella insurance policy with uninsured or underinsured motorist coverage kicks in to pay your medical expenses once the other driver’s policy limits have been reached. If your medical bills total $50,000 and they only have bare-minimum coverage, their insurer will cover half while your umbrella policy pays the rest. Compared to the massive medical expenses even minor accidents can cause, an umbrella policy is a worthwhile investment.
If you’ve been involved in an auto accident, the attorneys at Cada Cada Hoffman & Jewson in Lincoln will ensure you’re compensated for your medical expenses, lost wages, and any other losses. When the responsible driver doesn’t have sufficient coverage or your own insurer refuses to pay for valid claims, you can rely on these legal professionals to identify your options so you get the financial relief you need. Visit their website to learn about their array of auto accident services, or call (402) 477-2233 to schedule a free consultation with a member of their team.