Before getting on a motorbike, motorcyclists are required to have insurance. In Oak Lawn, motorists should look for high limits in an insurance plan and its coverage. Following a motorcycle accident, many people are unaware of the insurance they have. It is important to maintain high limits.

By having higher limits, their insurance company would step in and provide additional coverage if the at-fault driver’s insurance is not sufficient to compensate them for their injuries. It is best to speak to an experienced attorney to learn about the different types of motorcycle accident insurance coverage in Oak Lawn and how it could affect their case. Contact a dedicated motorcycle accident lawyer today.

Rules for a Minimum Responsibility Coverage

In Oak Lawn, both motorcycles and cars are required to have the state minimum of insurance, which is only $25,000. It is advisable for all motorcycle drivers to have coverage well above the state minimum limits. If someone hits them on a motorcycle and causes a catastrophic injury, the most that the insurance company would pay them is $25,000. In a severe accident, this may not even cover the medical bills.

By having higher limits on their motorcycle, they would have higher limits of underinsured motorist coverage. In this way, if a serious accident occurs with someone who has the state minimum of $25,000 insurance coverage, their underinsured motorist insurance would begin to pay once the underlying limits have been exhausted.

What Is Uninsured Motorist Coverage?

In Oak Lawn, uninsured motorist coverage is additional coverage. Automobile insurance is mandatory. However, not everyone purchases car insurance or sometimes that insurance lapses. If someone is involved in an accident with someone who does not have car insurance, their claim would be paid under the uninsured motorist provisions of their insurance policy.
It is important to maintain uninsured motorist coverage. If they do not have uninsured motorist coverage and an uninsured driver causes an accident, they would be unable to make any recovery.

Understanding Full Insurance Coverage

Full coverage is coverage that provides for liability as well as coverage for their vehicle. Some insurance policies cover liability only. That means if an individual is in an accident and it is their fault, their insurance company would pay for the other person’s car repair and injuries. If their motorcycle or car is damaged in an accident that was their fault and they have liability only, their insurance would not cover the damage to their vehicle.

When an individual has full coverage insurance and an accident is their fault, their insurance company would compensate the other driver as well as pay for the damage to their vehicle. Whether they have liability only or full coverage, they would still have uninsured and underinsured motorist coverage. The difference between liability and full coverage is whether they have insurance that pays for damage to their vehicle if an accident is their fault.

Liability Limits in Oak Lawn

Under the law, one’s uninsured and underinsured limits would match their liability limits. The state minimum for insurance is only $25,000. It is always recommended that one carry at least $100,000 worth of liability coverage and possibly even more. The increase in premium for the increased limits is not substantial. By increasing the liability limits, it also increases the uninsured and underinsured motorist limits.

This could come into play under many circumstances. For example, if someone causes a severe accident and only has $25,000 worth of insurance, which they pay to the injured person, their insurance would step in and pay up to their limits. If their underinsured motorist limits are $100,000, even though the at-fault driver had the state minimum insurance, their insurance would step in and pay the additional money up to $100,000.

Excess or Umbrella Insurance Policies

In Oak Lawn, an umbrella insurance policy is typically a much higher policy limit. It only comes into play if someone exhausts the lower limits. Umbrella coverage is important if they have significant assets. However, most people should be okay with high limits and no umbrella.

Motorcyclists should discuss with a seasoned motorcycle accident attorney and their insurance agent. They are in the best position to advise the individual of the benefits and costs of an umbrella policy.

How a Motorcycle Accident Attorney Could Help

Before getting on the road, automobile drivers and motorcyclists are required to have insurance, which is meant to cover damages in the event of an accident. For motorcyclists, there are various types of coverage that they may be eligible to receive.

Motorcyclists should reach out to a diligent attorney to learn about the types of motorcycle accident insurance coverage in Oak Lawn. Schedule a consultation today.