Little Rock Uninsured/Underinsured Motorist Claims
With costs of goods and services continuing to increase, most people search for the lowest prices they can get. One thing it does not always pay to save on is auto insurance. Most states only require drivers to carry liability insurance, and many people only carry the required insurance limits. Others choose to violate the law and carry no insurance at all. If you are involved in an accident and the at-fault driver has no insurance or not enough coverage for your losses, what can you do? Your best option could be to file an uninsured/underinsured motorist claim with your own carrier if you elected that additional coverage. Contact the Little Rock car accident lawyers at Nahon, Saharovich & Trotz to discuss all of your legal options if you have been injured in a crash with a defendant with too little insurance or no insurance at all. We may be able to help you recover from your own insurance company so that you are not left with a mountain of medical bills and other debts following the collision.Seeking Recovery When the At-Fault Driver Is Uninsured or Underinsured
Like other states, Arkansas requires drivers to carry a minimum amount of liability insurance to reimburse innocent accident victims for their injuries and losses following a collision. Under Arkansas law, drivers must carry at least $25,000 per person for bodily injury, $50,000 per occurrence, and $25,000 per accident for property damage. Violation of these insurance laws can result in fines and penalties. In Arkansas, uninsured motorist and underinsured motorist coverage are separate, meaning a policyholder would need to select each separately in order to carry them on the policy.
In spite of the law, many drivers do not purchase liability insurance before getting behind the wheel. This means that if they cause an accident, you would have to sue them personally in civil court to obtain a judgment for any injuries or losses you incur. The problem with this is that it may be difficult or impossible for you to recover any money from the defendant if he or she does not have any assets. You may get a large settlement but never actually receive any payment toward it. For that reason, pursuing the uninsured motorist coverage on your own policy is likely a better way to go.
Uninsured motorist coverage will protect you and your passengers if you are involved in a collision where the other driver is at fault and uninsured. Adding this coverage to your policy may cause your insurance costs to rise, but it could be worth tens of thousands of dollars to you if you are ever in a position to file an uninsured/underinsured motorist claim. In Arkansas, the probability that the at-fault party will be uninsured is pretty high. In fact, almost 1 out of every 6 Arkansas drivers is uninsured.
Another situation where adding additional coverage to your own auto insurance policy could save you a large sum of money in the future is in the event you are involved in a crash where the other driver is at fault but only carried the minimum amount of liability insurance coverage required by law. Let’s say another driver failed to slow down when it was raining, resulting in a hydroplane accident that left you with multiple broken bones. Suppose the defendant has $25,000 in coverage but your medical bills alone exceed that amount. If you purchased underinsured motorist coverage, your carrier may step in and pay above and beyond the payments made by the liability carrier.Consult with a Little Rock Lawyer for Your Uninsured/Underinsured Motorist Claim
If you have suffered injuries in an accident caused by an uninsured or underinsured driver, call NST today to discuss your case with one of our Little Rock attorneys. A skilled team of more than 30 attorneys and 120 staff members is available to assist you when you call, and we have more than 30 years of experience representing accident victims in uninsured and underinsured motorist claims throughout Arkansas, Tennessee, Kentucky, Missouri, and Mississippi, including in Little Rock, Conway, Jonesboro, Chattanooga, Knoxville, Memphis, Nashville, Caruthersville, Hayti, Oxford, Starkville, Corinth, Columbus, Tupelo, Meridian, and Jackson. Call us today at 800-529-4004 or complete our online form for a free consultation with a car wreck lawyer in the Little Rock area.