Uninsured Motorist Polices Aren’t JUST For Uninsured Drivers

Do you ever feel like your eyes start to glaze over as soon as you start thinking about insurance? You’re not alone. However, the various types of insurance available play important roles in our society, and are valuable resources for obtaining financial compensation when the need arises. This week, your car accident lawyers in Miller County MO are here to shed some light on one of the lesser-known areas of insurance: the uninsured motorist policy.

Auto Insurance: The Uninsured Motorist Policy

Every motor vehicle policy issued in the state of Missouri is required to have at least $25,000 in uninsured motorist coverage. It is up to the individual buyer’s discretion whether or not to purchase additional coverage, and many drivers do. Therefore, substantial funds exist to pay for uninsured motorist bodily injury claims. If you are injured in an accident with a driver who is not adequately insured, you may be able to get compensation for your injuries under your uninsured motorist policy.

Unknown Benefits Of The Uninsured Motorist Policy

What many people do not realize is that the uninsured motorist policy can also be used to obtain compensation in other situations – specifically, accidents involving a phantom motor vehicle or unknown driver.

• Phantom Vehicle – This term refers to an automobile that causes damage and/or injury to another without seeming to make any contact.
• Unknown Driver – This term is used to refer to a driver whose remains unidentified.