Why it is good to have under/uninsured motorist coverage in Oklahoma
Oklahoma drivers should be sure to have under and uninsured motorist coverage to their auto insurance policies.
While not everyone in Oklahoma likes the idea of having an auto insurance policy they might never use, it is still a good idea to have insurance for the simple fact that not everyone is a good driver. There is also the fact that not everyone has insurance or does not have enough insurance to cover a major car accident. Adding under/uninsured motorist coverage increases the cost of your insurance premiums, but can decrease your frustration should you ever be involved in an accident with a driver who does not have insurance or does not have enough.
You save time and money
If you were to be in an auto accident in which the other driver was at fault but did not have adequate coverage or any coverage to pay for your damages, there is a good chance you would have to pay for those damages out of your own pocket. While you can take the other driver to court, the fact still remains she or he might not have the finances needed to cover your damage. By having under/uninsured coverage, you save yourself a great deal of time, energy and money.
You can recover lost wages
Say you have health insurance but do not have under/uninsured coverage. While any injuries you sustain in an accident with an under or uninsured motorist would be covered by your health insurance policy, that policy will not be of any help when it comes to making up the wages lost while you recovered from your injuries. On the other hand, having under/uninsured coverage would help with this.
You protect your financial health
Being in an accident with someone who does not have auto insurance or does not have enough auto insurance can put you in a precarious financial situation. You are likely to be on the hook for any damage your car sustains, which can have a ripple effect throughout your life in terms of getting to and from work to make money so you can pay for those damages. Even if you have the money necessary to pay for auto repairs, those funds might be set aside for retirement, a house, or anything else you are saving up for. Because of someone else’s oversight, such as distracted driving, you are now forced to drain your financial reserves and essentially pay for the mistakes of others.
If you are involved in an accident in Oklahoma with someone who is under or uninsured, know you have legal options. Sit down with an attorney to discuss your case and see what can be done about recovering damages.