When a negligent or reckless driver crashes into you, it can completely upend your life. From suffocating medical bills and missed days and weeks of work to extensive vehicle damage, the aftermath of an accident can be extremely costly.
This challenge can become considerably worse when the other driver is uninsured or underinsured. Fortunately, there is an inexpensive solution to this problem.
What is uninsured and underinsured coverage?
Uninsured and underinsured coverage are two types of insurance that you can purchase in addition to your normal liability coverage. The coverages will help if you are involved in a car accident with someone who does not have any insurance, or who does not have enough insurance.
Unlike many states, Indiana law does not require uninsured/underinsured coverage. However, it is not very expensive, and the benefits are often well-worth the money.
How can it help me?
According to the Insurance Information Institute, 15.8% of drivers in Indiana are uninsured. That’s about one in seven! With odds like that, you’re facing a very real possibility of getting hit by an uninsured driver.
If you do not have uninsured or underinsured coverage, you might not have other recourse in the event of a serious accident. This means you will have to face the prospect of dealing with all of the expenses of the crash on your own.
Even though uninsured and underinsured coverage is not mandatory in Indiana, it is something you should consider. It is one of the most inexpensive things you can do to provide a greater measure of peace of mind and financial security for your family.