A whopping three-hundred and fifty car crash fatalities in Massachusetts alone was reported by the National Highway Traffic Safety Administration or NHTSA in 2017. The biggest felony is that every hundred drivers in Massachusetts don’t possess any kind of automobile insurance.
The purpose of today’s blog is to offer an overall understanding of uninsured and underinsured automobile accident coverages in Massachusetts along with a brief discussion on the latter in relation to bodily injury.
Uninsured and underinsured coverages offered under a standard automobile insurance policy in Massachusetts provide safety to the insured party named and family members, riders, and operators of an insured automobile in the unforeseen event of an accident.
These coverages are useful in circumstances when there’s a car accident involving you and an individual without any coverage for bodily injuries or adequate insurance to compensate you.
It’s extremely critical that you purchase sufficient coverage only after considering all the requirements if you’re to suffer injuries caused by an underinsured or uninsured driver.
As mentioned in Part 3 of the automobile regulation, uninsured coverage is compulsory in Massachusetts, to limits of forty-thousand dollars and twenty-thousand dollars for every accident occurred (20/40) and every individual respectively.
For instance, if you’ve met with an accident where the errant party is a hit-and-run or uninsured driver, the maximum sum of money you’re legally entitled to recover for bodily injuries, inclusive of lost wages and medical expenses, will be pegged at twenty-thousand dollars. In the event that two or more individuals are injured, all injured persons aren’t allowed to collectively receive any amount greater than forty-thousand dollars.
Although underinsured coverage isn’t a mandatory requirement in Massachusetts as stated in Part 12, several of the insurers are known to include minimum underinsurance coverage in their policies sans any additional fees.
Note that minimum coverage of 20/40 for bodily injuries is imposed by the law in Massachusetts and many other US states.
Anything that you receive for recovering from the bodily injuries will be subtracted from the applicable limit of your underinsured coverage in a manner such that the recovery amount remains equal to or less than your underinsurance limit.
For instance, if your policy limit and that of the underinsured driver are 100/300 and 25/50 respectively, once you‘ve received twenty-five thousand dollars for bodily injury recovery, you are further entitled to be compensated for the losses incurred under your underinsured coverage albeit not exceeding seventy-five thousand dollars.
Also, you may not buy any amount of uninsured or underinsured coverage for any given policy in a manner such that its applicable limits for bodily injury recovery is never less than the former. It may also be worth noting that you aren’t allowed to consolidate the available limits of your uninsured or underinsured coverages in Massachusetts. This means that a single applicable uninsured or underinsured coverage will be utilized and, therefore, it’s imperative for you to purchase an insurance covering all your automobiles.
If you’ve suffered injuries or lost a loved one in an automobile accident, involving an underinsured or uninsured motorist, consider getting in touch with an expert attorney as soon as possible. The attorney shall help you explore the available legal means that can be pursued for holding the negligent party or parties accountable.