If you are buying car insurance in New York, then you have the option of purchasing uninsured motorist coverage. This kind of coverage can be especially helpful if you are injured in an accident caused by an unidentified hit-and-run driver or a driver who simply doesn’t have insurance. Likewise, you may also have under-insured motorist coverage, which can provide compensation when the driver who hit you doesn’t have enough insurance to cover the full cost of your injury.
Uninsured and underinsured motorist claims are filed with your own insurance company. It is important to file such claims as soon as possible after a crash, though building an underinsured claim may take longer because the full cost of your injuries may not be immediately apparent. After a time, if you and your attorney determine that the other party’s insurance won’t cover all of your medical treatment, then you can file an underinsured claim.
With regard to underinsured coverage, something to keep in mind is that the negligent driver’s insurance would still be responsible up to the limit of that insurance. For example, say you have underinsured coverage up to $50,000 and the cost of your injury is $100,000. If the negligent driver’s policy covers $75,000, then your underinsured claim would be for $25,000, not the full $50,000 covered by your underinsured policy.