Being struck on a Texas road by a driver who does not possess insurance can be a true burden for the driver who was wronged, as the other motorist’s lack of coverage can make receiving compensation harder. But what does it mean if a driver is underinsured? While a driver that has been struck by an underinsured driver can still receive compensation, it will not be up to the level the injured party would receive if the other driver had adequate insurance.
Esurance explains that some motorists, while they do carry car insurance, may possess liability limits that are too low to fulfill the medical or repair bills of an injured party. When an underinsured driver hits your vehicle, you can expect the other driver’s insurance policy to pay out to the policy’s limit and no more. You would end up with only a partial payment for your damages and injuries.
If you are concerned about being hit with someone with inadequate insurance, know that just as you could buy an uninsured motorist policy, you can also look for and purchase a policy that covered underinsured motorist damage. The policy will simply fill in the remaining amount that the insurance of the other driver is unable to pay.
Also, as with uninsured policies, underinsured coverage is broken down into bodily injury coverage and property damage coverage. Be sure that if you pursue buying underinsured motorist coverage that you buy both types of coverage so that your physical injuries and property damage will be compensated for.
Keep in mind that this article is written to educate readers on uninsured and underinsured motorist coverage and is not to be taken as legal advice.