Car accidents in Philadelphia and surrounding suburbs of Pennsylvania may result in serious injuries, especially if drivers drive recklessly and well beyond a posted speed limit.
Last month, we told you about a 2 car accident on Roosevelt Boulevard in Philadelphia, where one of the drivers was in critical condition. It has since been reported that the driver is now paralyzed from the waist down as a result of the accident. After reading this update, I couldn’t help but hope that this driver has underinsured motorist (UIM) coverage.
Related UIM case result after a car accident: Injured driver awarded $1,750,000
Catastrophic Injuries & Underinsured Motorist (UIM) Coverage
Catastrophic injuries are life changing, and many drivers don’t realize that having an adequate car insurance policy may save them from financial ruin if they are seriously injured in a car, bus or truck accident in Philadelphia.
When buying a car insurance policy, many drivers think that the insurance policy affords them financial protection from an injured individual coming after their personal assets after causing a car accident. This is known as liability coverage. For instance, if driver A has $100,000 in liability coverage and causes injuries to driver B, driver B may recover up to $100,000 from driver A’s liability coverage.
While this is true, there is another type of coverage that protects insured drivers if they themselves are injured in a car accident. This is called underinsured/uninsured (UIM/UM) motorist coverage. UIM/UM coverage is important because it is another source of financial recovery for an injured driver after a car accident.
If driver B in the above example has damages in excess of $100,000, let’s say $200,000, then driver A’s liability coverage is not enough to compensate driver B’s injuries and damages. In this case, driver B would make a UIM claim with his own car insurance company.
If driver B has $100,000 UIM/UM coverage, then he could recover up to $100,000 in a UIM claim, after recovering $100,000 from driver A. However, if driver B does not have UIM coverage, then the total he would receive is $100,000 from driver A.
If you or a loved one was injured in a serious accident in PA and would like to know your legal rights, call Daniel J. O’Brien, Esq. to schedule a free consultation. Dan and his team have the resources and experience to help you recover maximum financial recovery. Free consultation - 877.944.8396.