While it is mandatory in Illinois to have a minimum of motorists insurance, you may want to buy more coverage protection than the state requires. The basic requirements of the state are for a minimum of:
- $20,000 per person;
- $15,000 for property damage; and
- $40,000 in total.
This means that the most you can compensate an injured victim for is $20,000, and the most you can compensate any number of victims in $40,000. But this is very little in comparison to the actual costs of medical expenses. And it will not protect you or your family against uninsured (or underinsured) motorists.What is uninsured motorist coverage?Uninsured motorist coverage (UM) is not included in Illinois minimum insurance requirements. But most Chicago personal injury attorneys will recommend that you get it anyway. UM will protect you if an uninsured driver injures you or your family. It doesn’t matter whether the driver never obtained insurance coverage, or whether their policy has expired, UM will pay for the damages, including:
- Medical expenses;
- Lost wages;
- Pain and suffering;
- Disability; and
Buying More Than the Required MinimumIn fact, rather than buying the required minimum, you should always purchase as much insurance coverage as your budget will allow. The more you buy, the better you and your family will be protected. The increase in price compared to the increase in coverage is relatively small, and it may make a significant difference in the damages that would be covered.If you need to purchase insurance coverage that will protect you in an Illinois car accident, you can visit our article Illinois Motorists Minimum Insurance Coverage Requirements to learn more.Getting the Advice of a Chicago Personal Injury LawyerIf you’ve been injured in a Chicago car accident and you have questions about how your insurance policy will address your financial needs, contact an attorney who can guide you through the settlement process. When you have the help of a trusted Chicago personal injury lawyer from the Law Offices of Barry G. Doyle, P.C. you’ll get expert legal advice and guidance concerning your long term needs. Contact us today for a free case evaluation – 312-263-1080.