The Hoffmann Law Firm, L.L.C. Articles How Well Do You Understand Your Car Insurance Obligation?

How Well Do You Understand Your Car Insurance Obligation?

By Christopher Hoffmann  Jul. 22, 2015 2:18p

If you have ever been in a St. Louis car accident, then you already know how important your car insurance policy is.

Regardless of who is at fault, it is often the car insurance policy that makes a difference in how much compensation you receive after a car accident. In order to maximize your coverage, speak with a St. Louis motor vehicle accident attorney from The Hoffmann Law Firm, L.L.C. after you have been in an accident. We can review all of the policies involved and help you receive the full amount of compensation you are entitled to.

Missouri Car Insurance Requirements

In Missouri, it is required by law that any person who operates a motor vehicle maintains motor vehicle liability insurance coverage. (Click here to learn about specific requirements.) Drivers who do not have this type of coverage will be unable to pay for the damages if they are liable for a car accident. Thousands of Missouri drivers without required car insurance are involved in car crashes each year, resulting in higher insurance premiums for the rest of us.

What is Liability Insurance?

Liability insurance is meant to cover your financial responsibility if you are found to be liable for a Missouri car accident. It should be enough to cover the cost of property damage and injury that results from your negligent actions. Not only will this help prevent you from financial loss from a lawsuit, it ensures that the other driver’s financial damages are taken care of without you having to pay money out-of-pocket.

Other Insurance Policy Options

While many drivers will insure their vehicle with the minimum insurance required by law, many drivers consider adding to the policy for their own protection. Not every driver carries the required insurance, and if they were to cause an accident, you may have no way of recouping your financial loss.

Uninsured or underinsured coverage will pay you if you are injured by a motorist who is not carrying adequate insurance on their vehicle. After an accident, you will file a claim against your own insurance company, asking that you are compensated for the cost of medical treatment and other financial losses resulting from the crash. This type of coverage can also be used if you are injured by a hit and run driver or if the other driver does have liability insurance, but the policy limits are not enough to cover the financial burden they have caused you.

St. Louis Car Accident Attorney

Be prepared with a St. Louis car accident attorney to provide proof of the accident and any injuries you sustained as a result. When weighing your options about your car insurance company, consider all of the possible scenarios when it comes to a car crash. You want to make sure that no matter what the circumstance, you will not be left in debt as a result.

Contact The Hoffmann Law Firm, L.L.C. before making any settlement arrangements with an insurer. Insurance companies first concern is usually to pay you as little as possible for the damages that you incurred. Call us at (314) 361-4242 for a free consultation.

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