The results of a study that were released by the Insurance Research Council reveals that the years 2010, 2011 and 2012 saw a declining trend in the estimated percentage of motorists who were uninsured. However, the news is not all good.
The IRC study also estimated the total payments of uninsured motorist claims and found that the total amount paid had gone up 75 percent over the previous 10 years. This increase resulted in a cost of $14 for each insured individual in 2012. These figures were arrived at after claims for disabilities and fatalities were subtracted.
A high-ranking official of the IRC points out that it's the responsible drivers, the ones who pay their insurance premiums, who end up footing the bill for the injuries which uninsured drivers cause. She goes on to say that the declining percentage of uninsured motorists is good news for consumers. However, she adds that policymakers, insured drivers and insurers still have concerns regarding increasing claim payments.
So there you have it; even if you are never struck by an uninsured motorist, you are still paying out of pocket for their negligence. Of course, if you are in an accident with a driver who has failed to purchase insurance, you could be left having to pay for damages and medical expenses.
This is why adding uninsured/underinsured coverage to your policy may be something you should consider. When you do pay for this coverage, you should receive your due compensation when you make a claim. Unfortunately, some insurance companies do not always want to pay the full amount you are owed.
If you are having trouble getting compensation from an insurance company after filing an uninsured/underinsured motorist claim, an attorney may be able to help. The attorney could look over your policy to help determine the amount for which you are eligible and then work on your behalf with the insurance company with the goal of reaching a satisfactory outcome.