A few years ago a client of mine was in a very severe accident after another vehicle crossed the center of the road and struck her head-on. She suffered several fractures to her right leg which required surgery, a lengthy hospitalization, and a long rehabilitation. The at-fault driver only had $25,000.00 of insurance coverage from Allstate. Allstate paid the policy limits and we then went after my client’s underinsured motorist coverage from Farmers Insurance. My client had a 100/300 policy with Farmers ($100,000.00 per person and $300,000.00 per accident). Under my client’s underinsured motorist coverage, we could only collect an additional $75,000.00 even though my client’s medical bills alone far exceeded $100,000.00. After paying the medical liens, attorney’s fees, and case expenses, we were able to recover some money for our client, but she was not fully compensated for all of her pain and suffering, and the permanent disability she suffered as a result of her injuries. We could have gone after the at-fault driver, but he was a teenager with no assets. Unfortunately, this happens all too often to people who are injured as a result of a reckless driver.
Too many individuals purchase inadequate insurance coverage for their vehicles. In Illinois, as of January 1, 2015, the mandatory minimum limits for auto insurance coverage increased from 20/40/15 to 25/50/20. This means that every driver in the state must now have minimum liability coverage of $25,000.00 per person, $50,000.00 per accident, and $20,000.00 for property damage; however, the new mandatory minimum limits are entirely inadequate to protect you in case of an accident. Continue reading