What Is The Minimum Insurance Required

What Is The Minimum Insurance Required - Like all states, Nebraska requires motorists to carry certain types and minimum amounts of auto insurance. One of the insurance requirements in Nebraska is uninsured and underinsured motorist coverage, or UM/UIM. Your UM/UIM policy is designed to compensate you for damages you suffer in an accident with an uninsured driver or a driver who does not have adequate insurance.

You can assume that your UM/UIM coverage will be sufficient if you are injured in a collision with an uninsured or underinsured motorist. But in reality, car accident claims involving drivers with these insurance issues are more complicated than you might think.

What Is The Minimum Insurance Required

Call (402) 241-5020 today for a free consultation to discuss your car accident. Hauptman, O'Brien, Wolf & Lathrop serves clients in Omaha, Sarpy County and throughout Nebraska and Iowa.

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The requirements above are minimum requirements, but most insurance companies offer higher limits of $100,000 per claim. person and $300,000 per person accident. Unfortunately, it's difficult to predict how much coverage a particular driver needs – accidents happen without warning and every accident is unique.

Nebraska law requires drivers to have motor vehicle liability insurance or meet "financial liability" insurance through alternative means (ie, bond or cash deposit). Except in rare cases, uninsured/underinsured motorist coverage must be included in the driver's insurance. But because not all drivers follow the rules, UM/UIM coverage helps protect people from financial ruin if someone is seriously injured in a car accident.

According to the Insurance Research Council, 6.8 percent of Nebraska drivers are uninsured. With over 1.4 million drivers licensed in Nebraska, that means approximately 97,357 drivers in our state do not have legal auto insurance.

If you are involved in a traffic accident, always request information about the other driver's insurance. If the driver cannot provide you with proof of insurance, get all the contact and vehicle information you can use to make a claim.

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Clearly, fault plays a significant role in injury accidents involving an uninsured or underinsured driver. Nebraska is a "fault" or tort state that allows individuals who suffer injuries and other damages to seek compensation from the injured party.

Accident victims first exhaust compensation from the injured driver's insurance provider. If the at-fault party does not have insurance or if the damages exceed the coverage limits, the victim files a claim for their own UM/UIM coverage.

Nebraska's amended rules of no-fault are different in that a person cannot receive any compensation if they are found to be more at fault than all the other parties involved in the accident. Compensation is reduced according to the proportion of fault attributed to the victim, usually as a percentage.

In some cases, depending on the extent of a person's UM/UIM coverage, damages may exceed the compensation available through UM/UIM policies. In this case, the victim may choose to seek compensation through a personal injury lawsuit.

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When you have a UM/UIM policy, you might think that getting fair compensation for an accident with an uninsured/underinsured driver should be pretty easy. After all, you dutifully pay your insurance premiums and make claims

However, it is in the interest of the insurance company to try to pay you as little as possible. The insurance company may even reject your claim.

Some of the tactics your insurance company may use to try to underpay or deny your claim include:

An accident lawyer can advise you on how to protect your rights in interaction with the insurance company - your insurance company and possibly the injured driver's insurance company. In general, it is best to consult an attorney before filing. If you are contacted by one or more of the insurance companies involved in your case, you can contact your attorney with questions about your UM/UIM claim.

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The attorneys at the law firm of Hauptman, O'Brien, Wolf & Lathrop have more than 230 years of combined experience handling a wide variety of motor vehicle accident claims, including those where the injured driver has no or insufficient insurance to cover our clients' liability. losses. We understand the obstacles that victims of accidents caused by uninsured or underinsured drivers face, and we strive to get the full compensation you deserve from the driver's insurance company, your insurance company, or both.

Call (402) 241-5020 today for a free case evaluation. Our UM/UIM personal injury attorneys serve clients in Omaha, Sarpy County and throughout Nebraska, as well as clients in Iowa.

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