SKIP TO CONTENTIf you’ve been involved in a car accident and your medical bills exceed the at-fault driver’s insurance limits, it’s important to understand your options for additional compensation. Watch as attorney Bryan Garrett explains how insurance policy limits can significantly impact your car accident settlement, especially when the at-fault driver’s coverage doesn’t fully compensate for your injuries and medical expenses
When you’re injured in a crash, the other driver’s liability insurance policy is typically the first place to turn. However, in many cases, especially with serious injuries, the coverage may fall short of covering your full medical expenses. For instance, in Oklahoma, the minimum liability insurance is only $25,000, which may not be enough if your medical bills run into the tens of thousands of dollars. In such cases, you can turn to your own insurance policy to fill the gap.
If you have underinsured motorist coverage (UIM) or medical payment coverage in your own policy, these can provide the additional funds necessary to cover the difference. These coverages are vital because they allow you to make a claim with your own insurance to help recover damages like medical bills, lost wages, and property damage. It’s essential to understand how these types of coverage work and ensure that you have them in place before you need them.
If you’ve been in a car accident and are struggling with insurance limits, don’t navigate this complex situation alone. Contact our office today for a free consultation and let our experienced team help you maximize your recovery. We specialize in cases where medical bills exceed policy limits and will work with your insurance to ensure you receive the compensation you deserve.
FAQs
What happens if the other driver’s insurance doesn’t cover my medical bills?
If the other driver’s insurance falls short of covering your medical bills, you may be able to turn to your own insurance policy. Underinsured motorist coverage or medical payment coverage can help fill the gap.
How do insurance policy limits impact my settlement after a car accident?
Insurance policy limits can limit the amount of compensation you receive after an accident. If the at-fault driver’s insurance policy is insufficient, you may need to explore additional coverage options through your own insurance.
Can I file a claim against my own insurance if the other driver has insufficient coverage?
Yes, if the at-fault driver’s insurance is inadequate, you can file a claim under your own underinsured motorist coverage to make up the difference. This can help cover medical bills, lost wages, and more.
What is underinsured motorist coverage, and why is it important?
Underinsured motorist coverage (UIM) provides additional coverage if the at-fault driver’s insurance limits don’t fully cover your damages. It’s an essential safeguard that ensures you can recover the full extent of your losses after an accident.
