Car accidents are an unfortunate reality on our roads and highways. Most of these accidents involve insured drivers who can easily cover the damages caused by their negligence. However, what happens when you are involved in a car accident with an uninsured driver?
This situation can be daunting for many individuals, as there are no insurance policies to fall back on. Here are some options that you have.
File a Claim Against Your Insurance Policy
If you were in an automobile accident with an uninsured motorist, your best action would be to seek compensation from your insurance company. This may be the case if you have added uninsured/underinsured motorist coverage to your policy. This coverage will protect you if you are involved in an accident with an uninsured or underinsured motorist.
Uninsured motorist coverage is required in the majority of states. It protects you from irresponsible drivers who lack minimum insurance requirements.
Pursue Legal Action Against the Uninsured Driver
If you lack an uninsured/underinsured motorist policy, your action would be to sue the uninsured motorist. You may need to go through this convoluted and time-consuming process to recover damages for any injuries or property damage incurred in the accident.
Before pursuing this option, it’s important to note that an uninsured driver may not have sufficient assets or income to compensate you. In such cases, even if you win a lawsuit against them, it may be difficult to collect any damages awarded.
Consider Mediation or Arbitration
You can consider mediation or arbitration if you do not want to go through the hassle of a lawsuit. Parties can settle disputes outside of court using alternative dispute resolution techniques.
Through mediation, a third party, who is impartial, negotiates a settlement that is acceptable to both parties. Compared to litigation, this approach is frequently less costly and time-consuming.
On the other hand, arbitration involves submitting your case to an arbitrator who acts as a judge. In most circumstances, the arbitrator’s final ruling cannot be challenged. While this option may also save time and money, it’s essential to carefully review the terms and conditions of any arbitration agreement before agreeing to it.
Seek Compensation from Other Parties
In some cases, other parties could be liable for your accident with an uninsured motorist. For example, if the driver was operating a company vehicle, their employer could also be responsible for damages. Similarly, if a defective vehicle part caused the accident, you might be eligible for a product liability claim against the manufacturer.
It is imperative to properly investigate every avenue of compensation to recoup any damages sustained due to the accident.
Final Thoughts
An automobile collision with an uninsured driver can be frightful and upsetting. But you shouldn’t forget the fact that you are entitled to compensation for your injuries and losses.
You must thoroughly consider all your options and select the appropriate course of action for your circumstances, whether pursuing coverage through your insurance policy, taking legal action against the uninsured motorist, or using alternative dispute resolution procedures.
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