Every driver on the road has a responsibility to drive safely, and each driver is responsible for carrying the proper motorist insurance for protection in case he or she is involved in a car accident in Naperville.
There are four major types of motorist insurance that can offer you full protection after a car accident in Naperville:
• uninsured motorist (UM) coverage;
• underinsured motorist (UIM) coverage;
• medical payments coverage; and
• gap insurance.
Uninsured motorist coverage protects you if you are involved in an accident with another driver who does not have valid insurance. Your policy will cover your damages up to the limit specified in the policy. This will keep you covered if the other driver has no insurance or an expired policy.
Underinsured motorist coverage will keep you protected if you are involved in a major accident with a driver who has insurance but whose policy is not adequate to cover all of your injuries and damages. This policy will cover the difference between the other driver’s insurance and whatever balance is left on your bills up to your policy limit.
Medical payments coverage is a policy that you can use to pay hospital, doctor or therapy bills after an accident. It is a policy of no-fault coverage in which your policy will cover bills up to your policy limit. You will be covered in the event of any accident, regardless of who is at fault.
Lastly, there is gap insurance. This type of insurance policy applies to property damage, which is exceptionally helpful if you are the owner of a new car. Many insurance policies will cover only payment for up to the market value of a vehicle, which may be far less than the amount you owe on the vehicle. That creates the “gap” between what the insurance will cover and what your vehicle is worth. This insurance policy will fill that gap and pay the balance owed.
If you are having trouble getting your insurance company to pay what you are rightfully owed, a Naperville, IL attorney can help hold your auto insurer accountable.
