Uninsured and underinsured motorist coverage are essential parts of your auto insurance policy. The benefits of uninsured and underinsured motorist coverage can be difficult to understand. That’s why the attorneys at the Zayed Law Offices have prepared this short guide on uninsured and underinsured motorist coverage.
Uninsured motorist coverage allows you to recover if you are injured by an uninsured driver. With uninsured coverage you could recover up to your auto insurance’s policy limits. All policies in Illinois must include uninsured motorist coverage. If you have an Illinois insurance policy you have uninsured motorist coverage.
Unlike uninsured coverage, underinsured coverage is not required by law. This does not mean that it is any less important. Underinsured coverage allows you to recover up to your policy limits should you be injured by an underinsured driver. This is valuable as the difference between your policy limits and those of an underinsured driver could be tens if not hundreds of thousands of dollars.
To understand how valuable underinsured coverage can be, it helps to know the state minimum policy limits. A state minimum policy is the minimum amount of insurance you must to carry to be road legal. In Illinois the minimum policy limits are $25,000 per person and $50,000 per accident. Under a state minimum policy each person injured may recover up to $25,000 with a limit of $50,000 for each accident. If you don’t have underinsured coverage the most you could recover from a state minimum policy is $25,000. $25,000 may seem like a lot of money, but in the event of a serious injury a state minimum policy alone will not go far in getting you the recovery you deserve.
If you have any questions regarding uninsured or underinsured motorist coverage or have been injured in an automobile accident please contact our automobile accident attorneys at 855.726.1616.There is no fee unless you recover.
Uninsured motorist coverage requirement: 215 ILCS 5/143a-2
Policy minimums: 625 ILCS 5/7-203