It is estimated that 1 in 7 drivers doesn’t have insurance. This is a worrying state of affairs because almost each person will be involved in a substantial accident within 10 years, making it more likely for you to come out short should you decide to file a claim to cover the cost of treating your injuries.
Indiana Law on Car Insurance
The law in Indiana requires that you take out insurance in a 25/50/10 ratio. That is, $25,000 in minimum coverage for bodily injury, $50,000 minimum liability for every accident, and $10,000 to cover property damage. That being said, it’s possible that many drivers out there are uninsured or underinsured due to tough economic times. It thus is your responsibility to ensure that you have coverage to protect yourself in these scenarios.
Underinsured and Uninsured Claims in Indiana
This type of insurance coverage is known as UM/UIM or uninsured and underinsured motorist coverage, and it is usually paired together. Should you get into an accident in Indiana with a driver who is uninsured or underinsured where you caused the accident, your insurance will kick in and pay for your injuries and theirs in limits no less than $50,000. Indiana comes in at number 12 when it comes to uninsured motorists, and 14 percent of all accidents on our roads are due to drivers who are uninsured. If the other party caused the accident and was uninsured or underinsured at the time of the accident, the insurance company will only pay out $25,000 to cover your hospital costs, physical therapy, lost wages and more. This amount is woefully inadequate, and it won’t even begin to cover your treatment costs, let alone your lost wages.
Most Indiana drivers take out minimum coverage because they feel that anything else is excessive and unnecessary. It is thus important that you take out the maximum amount of Indiana car insurance just to protect yourself.
Northwest Indiana Car Accident Lawyer Help
We understand that all of this is confusing, and it’s because of this that we’d like to invite you to give us a call today on to 877-561-3004 speak to one of our Northwest Indiana car accident attorneys for detailed advice regarding your Indiana car accident. Thanks, and we look forward to hearing from you.