Usually when car insurance is talked about in cases of accidents, many
go with the popular opinion that the victims exchange insurance information.
This is done with the hope that the affected insurance company get to pay for
the damages. So what happens when the person who hits you is uninsured or
underinsured? These are situations that most people don't know how the process
would work.
When asked, one of the experts at car insurance in Greater National
Group helped give a simple explanation for it. Since we all know the steps to
take immediately after an accident, let's just skip to what happens when you
discover the person is uninsured or underinsured. The term uninsured or
underinsured has different interpretations from one country or state or city to
another. If you sustain injuries after a hit from an uninsured driver, your
insurance company will pay for your personal damages. If no injury but your car
is damaged, you would need to have collision insurance or something similar
that covers you in such a situation.
If you do, your insurance company will pay you for all damages and go
directly to the uninsured driver to seek reimbursement for the money paid to
you. This has nothing to do with you as both parties would settle themselves.
If it's an underinsured driver who probably has a policy that covers up to
$3000 but you had damages of $7000, your insurance company will pay the
additional $4000. Just like in the previous case, they'll go directly and
collect the $4000 from the underinsured driver later.
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