When people are involved in collisions or accidents, they naturally look to the individuals who caused the collision or accident for recovery. Very often, however, the individual who caused an accident (a) will not have insurance coverage or (b) will not have adequate insurance coverage to cover the claim. In this situation, achieving recovery may require looking into one's own insurance policy for "uninsured" and/or "underinsured" motorist provisions.
The validity and usefullness of this kind of coverage becomes clear in light of statistics from the the Insurance Research Council which show that the number of uninsured drivers can reach 25% in some states. The Insurance Research Counsel also estimates that 15-17% of drivers nationally are uninsured.
Fortunately, Illinois requires uninsured/underinsured provisions. An important caveat is that uninsured/underinsured generally only covers bodily injury and not property damage.
The Law Offices of Adam J. Zayed, P.C. are dedicated to fighting for victim's rights. For representation throughout the Chicago area, please contact one of our attorneys at 888-337-0023.