According to the insurance information institute, nearly 12 percent of drivers in Georgia have no auto insurance. A much higher percentage have only the minimum amount of liability coverage, which is $25,000 for personal injury for one person $50,000 for all people injured in an accident. Your costs may exceed $25,000 for a single night's stay in a hospital.
So how do you protect yourself from drivers who do not have enough insurance to cover your losses? In Georgia, you can purchase uninsured and underinsured motorists coverage. Your auto insurance company is required by law to offer you UM/UIM coverage.
UM/UIM coverage is insurance that kicks in if the person who caused the accident is uninsured or does not have enough insurance to pay for your losses. Since UM/UIM coverage is insurance that covers you and your family members, it makes sense to buy enough to protect your family from a catastrophic accident. UM/UIM coverage is relatively inexpensive compared to other types of insurance.
In Georgia, you have the option of "stacking" your coverage, which allows you to add your UM/UIM coverage on top of your liability coverage. For example, if you have $100,000 in liability coverage and you buy $100,000 of stacked UM/UIM coverage, you can recover up to $200,000 for injuries suffered in an single accident.
Even though you file a UM/UIM claim against your own insurance company, you should still seek legal advice before you do so. Your interests and your insurance company's interests are not the same when you file a claim. Without a lawyer's help, you may end up with less than you deserve.
The law firm of Perrotta & Cahn, Attorneys at Law in Cartersville, Georgia offers a free initial consultation to discuss issues like medical bills, lost wages, and vehicle damage resulting from an auto accident. The firm serves clients in the Atlanta Metro area and northern Georgia.