Getting into an auto accident is stressful, especially when it results in personal injury. The mounting medical bills and other related financial losses can quickly become overwhelming. Discovering the person who hit you doesn’t have adequate auto insurance will only make the situation more challenging. Below, learn why uninsured coverage is required and why you should consider adding underinsured to the policy. 

What Is Uninsured Motorist Coverage?

According to the most recent data provided by the Insurance Information Institute, approximately 14% of Missouri drivers are uninsured. As a result, uninsured coverage is required for all motorists in Missouri when they sign up for a policy.

Drivers must have uninsured motorist coverage with a minimum of $25,000 bodily injury per person and $50,000 bodily injury per accident. If you are caught without car insurance, you will receive points on your license. Your license may be suspended for repeat offenses, and you’ll be subject to fines.

What happens if you’re involved in an accident? Missouri is an at-fault state when it comes to liability for car accidents. This means whichever party caused the collision can be held financially responsible for the other party’s damages, including medical costs, lost wages, and vehicle repairs.

If the other driver is at-fault and uninsured, you can file a claim with the insurance company, and any injuries you sustained will be covered with the uninsured policy. If you’re at fault, the liability portion will cover injury and property damage to the other driver. 

Often, uninsured coverage will also extend to hit-and-run accidents. If a driver leaves the scene after hitting you and can’t be found, the uninsured motorist coverage will offer compensation.

What Is Underinsured Motorist Coverage?

Missouri state laws do not require underinsured policies; however, it is recommended as an affordable add-on. Underinsured motorist coverage provides protection when you’re involved in an accident with a driver who doesn’t have enough insurance to pay for your losses. You’ll be able to file a claim with your insurance company and save a significant amount in out-of-pocket expenses.

If you’ve sustained a personal injury due to another driver’s negligence, turn to Kennedy, Kennedy, Robbins & Yarbro, LC to explore your legal options. They’ll help determine your right to compensation. Backed by more than 75 years of combined experience, these attorneys are dedicated to providing the residents of Butler County, MO, with quality counsel and skilled representation. Call (573) 686-2459 to schedule a consultation, or visit them online to learn more about the types of personal injury cases they handle.