The majority of Minnesota drivers obey the traffic laws and carry the required insurance coverage. Unfortunately, all too often, serious crashes are caused by uninsured or underinsured motorists. If such an accident occurs, victims could find themselves facing expenses that exceed the limits of their regular coverage.
Minnesota drivers are required to carry both underinsured and uninsured bodily injury coverage. Property damage coverage is optional in the state but could help cover the cost of damages or replacement of a vehicle or other property in the event the at-fault motorist lacks insurance. According to the Insurance Information Institute, an estimated one out of every eight drivers lacks adequate insurance coverage. The main purpose of both uninsured and underinsured motorist bodily injury insurance is to cover the cost of medical care in the event of an accident with a driver that is uninsured. In some states, this coverage may extend to family members or passengers.
Uninsured drivers obviously lack any coverage in the event of an accident. An underinsured motorist is defined as one whose coverage is inadequate to pay for the damages and medical bills, or their coverage is equal to or less than the insured driver's limits. While Minnesota drivers are not required to carry uninsured property damage policies, the peace of mind that it provides may be worth the negligible cost.
When one is involved in a serious car accident, there are many important matters that need to be addressed. If the crash involves serious bodily harm, then the victims need to be focused on their physical recovery rather than the financial damages that they have sustained. Whether wrecks involve uninsured or underinsured motorists, victims are often faced with the difficulty of obtaining payment from the insurance companies. An experienced attorney can provide assistance in ensuring that victims receive all of the compensation to which they are entitled.