It only takes a moment for a car accident to change the way victims have to live their lives completely. Even a short recovery period of a few months is enough to put their job at risk and their future. The total cost of a car accident can be far more than you are prepared to lose.
Car accidents are expensive. Current and future medical costs, property damage, lost income, and pain and suffering can add to a significant loss for a victim. Thankfully, victims have the right to pursue compensation for their damages and a personal injury claim. But what can they do when the at-fault party does not have insurance or is underinsured?
How to pursue compensation
After an uninsured driver hits you, it does not mean that you should immediately prepare to sue them, as there are still certain avenues you can explore first. If you have uninsured/underinsured coverage on your insurance, your policy may cover all of the damages from your accident. Even without this coverage, it may still be possible to receive compensation from your insurance for injuries.
If insurance cannot provide compensation that you need, then you may need to prepare for a lawsuit. If the at-fault driver could not afford insurance, there is a chance they do not have the funds to cover your damages. A personal injury attorney can look into the liable party’s assets to determine if they have any assets that can offset the cost of the damages.
Suing the liable party may still yield positive results. If the responsible driver has enough money to cover the damages, you may receive a single payment that covers the costs. Otherwise, you may receive smaller monthly payments over some time.
Do not leave money on the table
If an uninsured driver hits your vehicle, they may try to pay you in cash at the scene of the accident to cover the damages. The problem with this is that you do not know how much your damages will be, so you may not receive enough to cover everything. Let an attorney do the work for you in your pursuit of fair compensation by exploring every avenue to provide you with the funds you need.