What If I Get Hit by an Uninsured/Underinsured Motorists?

Texas is a no-fault state for auto insurance. If you are injured and experience property damage from an accident, you could sue for damages. Chances are, someone who can’t afford insurance won’t have many assets to pay off a lawsuit. That’s where uninsured/underinsured motorist insurance comes into play. Paragon Independent Insurance Agency representatives can answer your questions regarding insurance for your car in Plano, TX. In the meantime, here’s some information regarding Uninsured motorist coverage.

What Is Uninsured/Underinsured Motorist Insurance?

About one in eight drivers doesn’t have auto insurance, according to the Insurance Research Council. Others buy the minimum required by the state they live in. That means they probably won’t be able to pay for damages if they cause an accident. In this scenario, your uninsured/underinsured motorist insurance pays for bodily injury or property damage you experience. 

What Does Uninsured/Underinsured Auto Insurance Cover?

If the driver who hits you has no insurance or you are the victim of a hit-and-run, uninsured motorist coverage kicks in. If the person who hits you is an underinsured driver, their policy limit may not cover the full cost of bodily injuries and property damages. In this case, the underinsured part of the policy covers the difference.

If you already have collision coverage, it also pays for damages caused by an insured driver. However, uninsured motorist coverage usually has a lower deductible. Ask your agent what makes the most sense for your needs.

Contact an agent at Paragon Independent Insurance Agency with your auto insurance questions. We can help you understand all your options, including uninsured/underinsured coverage. You can also make an appointment for a free quote.