Are You Covered?!!! Part 2
(UINSURED AND UNDERINSURED MOTORIST COVERAGE)
Part 2 of 3:
There are people who, for one reason or another (life crisis, family emergency, or even forgetfulness) fail to keep up with their monthly insurance premiums and, unknown to them, get dropped by their insurance companies. There are also unscrupulous companies that offer policies on the cheap and then, when hit with a legitimate claim, use every legal (and sometimes other-than-legal) tricks to get out of paying up when they’re legitimately on the hook for a claim.
But even when an at-fault driver carries a legitimate policy, adheres to the law and keeps up with all of their premiums, an at-fault driver can still end up hurting you, the victim. Georgia only requires bodily injury liability coverage of $25,000 per person and $50,000 per accident (and property damage liability of $25,000.00 per person). So what if you’re involved in an accident and your medical bills exceed $25,000? Your medical insurance may cover a portion of the excess, but because of co-pays and possible excluded treatment (health-insurance companies have their own tricks), you may still be on the hook for thousands, or tens-of-thousands of dollars. So what do you do? Our final blog post on Uninsured and Underinsured Motorist coverage will give you detailed information on how to find out if you have the proper coverage.