Auto insurance is a must for every driver, but not all insurance policies offer the same level of protection. While Louisiana requires drivers to have liability insurance to cover damages you might cause to others, this doesn't fully protect you in every situation. So, what happens if you're in an accident with a driver who has no insurance or insufficient coverage? This is where Uninsured/Underinsured Motorist (UM/UIM) insurance safeguards you.

What is UM/UIM Coverage?

Uninsured Motorist (UM) Coverage: This protects you if you're hit by a driver who doesn't have any insurance. 

Underinsured Motorist (UIM) Coverage: This kicks in when the at-fault driver's insurance limits are too low to cover your medical bills, lost wages, and other expenses.

Why Is UM/UIM Coverage Crucial in Louisiana?

1. Uninsured Drivers Are More Common Than You Think

Despite state laws, many drivers in Louisiana are uninsured. According to the Insurance Research Council, about 1 in 8 drivers across the U.S. are uninsured. Without UM/UIM coverage, you could be left paying out of pocket for medical expenses and vehicle repairs if you're in an accident with an uninsured driver.

2. Inadequate Coverage is a Real Risk

Even if the other driver has insurance, their policy may not cover all your expenses, especially if you've suffered serious injuries. Medical bills, rehabilitation costs, lost wages, and property damage can add up quickly. UIM coverage helps bridge the gap between the at-fault driver's insurance and your actual costs.

3. Hit-and-Run Protection

UM coverage often includes protection in hit-and-run accidents. If a driver flees the scene and can't be identified, your UM coverage can help cover your expenses, ensuring you aren't left with a financial burden.

4. Peace of Mind

Knowing you're protected in any scenario can provide invaluable peace of mind. UM/UIM coverage ensures that you and your family are financially secure, even if the other driver lacks sufficient insurance.

Don't Rely Solely on the Other Driver's Insurance

Many drivers assume that the other driver's insurance will cover everything if they're involved in an accident. Unfortunately, this isn't always the case. By having UM/UIM coverage, you take control of your financial protection, ensuring you aren't left vulnerable to the irresponsibility of others.

How Much UM/UIM Coverage Should You Have?

The amount of UM/UIM coverage you need depends on several factors, including your financial situation, the value of your assets, and your risk tolerance. At Lawrence & Odom LLP, our experienced attorneys can help you evaluate your needs and recommend the appropriate coverage limits to protect your interests.

Contact Lawrence & Odom LLP for Legal Assistance or if You Have Questions About UM/UIM Insurance Coverage

If you've been involved in an accident with an uninsured or underinsured driver in Louisiana, or if you have questions about your insurance coverage, Lawrence & Odom LLP is here to help. We specialize in personal injury and insurance claims, and we'll work tirelessly to ensure you receive the compensation you deserve. Attorney Joseph Odom, who practiced insurance defense for years before co-founding Lawrence & Odom LLP, has the experience to guide you through this process. Contact us or call 318.232.4000 today for a free consultation.