If you have been involved in a car accident in Georgia and injured by a driver who has little or no insurance, you may be wondering if there will be enough money to provide you adequate compensation for your injuries. When I receive calls from people who have been hit and hurt by someone with no insurance coverage, or who only carried the minimum limits of insurance, I begin an investigation into my client’s Uninsured or Underinsured Motorist insurance coverage.
Otherwise known as UM or UIM coverage, this type of protection is carried by your own insurance carrier. Uninsured Motorist coverage protects you in the event that you were hit by a driver who has no valid insurance. Underinsured Motorist coverage comes into play when the driver who hit you does not carry enough insurance to cover all of your damages. There are two types of UM/UIM coverage in Georgia, stackable and non-stackable policies.
If you have a stackable UIM policy, that means your policy will stack on top of the other driver’s policy. Let’s say the other driver carries the minimum limits of liability insurance, which is $25,000 in Georgia. If you carry $25,000 in stackable UIM insurance, there is now $50,000 in insurance money that it is possible to go after.
If you have a non-stackable policy, your coverage does not stack on top of the liability policy. The other driver’s policy is subtracted from the total amount of insurance you carry. So if the other driver has $25,000 minimum limits, that amount is subtracted from your total policy amount. If you have $50,000 in non-stackable coverage, in this situation, only $25,000 would be available to you under your own insurance coverage.
How much insurance is necessary to carry to protect yourself? I always advise people to purchase as much insurance as they possibly can. If you are seriously injured in an accident and the other person only carries the state minimum limits, that money can be used up very quickly. $25,000 may seem like plenty of money, but when you factor in emergency medical treatment, doctor’s visits, rehabilitation and lost wages, there is hardly enough to go around.
If you purchase $100,000 stackable UIM coverage, that will afford you a great deal of peace of mind. Even if you are hit by a driver who doesn’t carry a lot of insurance, your insurance policy will cover much of the damages brought about by the crash.
If you are hit by a driver who has no insurance coverage at all, you will be very grateful you purchased Uninsured Motorist coverage. Although it is illegal to do so, some drivers do not carry any liability insurance coverage at all. If you are hit by an uninsured driver and you don’t have UM coverage, there is probably no way to recover money to pay for your medical bills and lost wages, not to mention to award you monetary compensation for your pain and suffering.
Ty Wilson is an Savannah car accident lawyer who strives to educate the injured and families of the injured about their Georgia personal injury claim BEFORE they hire a lawyer, talk to the insurance adjuster, or sign any papers. Visit tywilsonlaw.com to read Ty’s many articles, watch his videos, and to order his FREE books.
If you have questions for an Georgia personal injury attorney, give Ty a call at 912-508-4711 or 770-948-5454.