The importance of knowing your insurance policy coverage
Unexpected and unfortunate events happen every day. In Chicago, many of these events occur in the form of auto accidents. However, despite the requirement for drivers to carry auto insurance, many drivers fail to do so. This poses great risk not only for the uninsured drivers themselves but for other motorists as well. Many drivers erroneously believe that they may not be eligible for compensation if the driver who hit them was uninsured. This is not always the case.
Illinois Law requires that all insurance companies provide their insured with the same limits of coverage for uninsured and underinsured motorist coverage as you have for liability coverage. Even as a pedestrian hit by a car who leaves the scene can collect under their own uninsured motorist coverage without the fear of the insurance company raising your premiums or dropping you. As long as you are a family member living in the house of an insured driver you can collect these benefits under the uninsured/underinsured portion of their insurance policy. Now your insurance company will act as if it were the at-fault driver’s insurance company and provide you with compensation. If you or a loved one has been injured by an uninsured or underinsured driver, call the personal injury lawyers at The Horwitz Law Group at (312) 641-9200.