It is that time again. Time to assess our lives and look for ways to improve in the new year. While losing weight is usually the most popular resolution, we wanted to give you some things to consider from a legal perspective.
1. Evaluate your uninsured/underinsured insurance coverage. I know. Yawn. But, in the event you are injured in an accident, the type of insurance you have and the amount of your coverage can make a critical difference to you and your family.
Uninsured/underinsured motorist coverage protects you in the event the person or company who causes your injuries either does not have insurance or does not have enough insurance to compensate you. For example, let’s assume you are involved in a car accident with a person who only has mandatory minimum liability coverage of $25,000, but your medical bills are $75,000 and your injuries prevent you from returning to work for 3 months. Clearly, the value of your claim greatly exceeds the at-fault party’s $25,000 in coverage. In this situation, your own underinsured coverage could help make up the difference in your compensation. Without your underinsured coverage, unless the at-fault party has assets (which is unlikely — otherwise, they would almost certainly have more insurance coverage), you would not receive adequate compensation for your injuries.



