St. Louis Accident and Injury Attorney Stephen Schultz Answers Your Insurance Coverage Questions
Do I have enough car or motorcycle insurance coverage for myself? What are Missouri minimums? What happens when an uninsured or UNDERinsured motorist crashes into my car and causes serious personal injuries? These are all questions that concern issues that should be addressed before you find yourself injured in a car, motorcycle, or tractor-trailer accident.
In the State of Missouri, every motorist is required by law to have $25,000/$50,000 liability, $25,000 uninsured motorist, and $10,000 property damage coverage. Failure to have insurance in effect with these minimum coverages is a crime. But don't think for a second that having Missouri minimum insurance coverage means that you have "full coverage". To the contrary, anyone having Missouri minimum coverage actually has "minimum coverage". Let me explain: Lets say you are rear-ended by another driver and you are seriously injured. Just a three day stay at St. John's with diagnostic testing then runs up your medical bills to over $30,000. If the negligent driver who hit you had "Missouri minimum coverage" of $25,000, who is going to pick up the deficiency of $5,000? What about your pain & suffering? What about your lost wages?
Now lets look at another scenario. You are driving down the road, reading an email on your cell phone and end up crashing into another motorist, causing a serious automobile accident. The personal injuries caused to the other driver and his/her passengers is well over the amount of liability coverage you have on your own vehicle because you chose to procure the "Missouri minimums." The injury victims decide to retain a Missouri personal injury attorney, who sues you and your insurance company. The victims end up collecting your full policy limits of insurance and then obtain a judgment in the Circuit Court of St. Louis County for $500,000. The sheriff takes that judgment and comes looking to you for the sale of your assets, liens on bank accounts and investments, and garnishing wages from your employer.
Having adequate automobile insurance coverage is critical. Not only for your physical well-being, but also for your own financial protection. Don't wait until you find yourself in one of the two situations mentioned above. Call St. Louis Accident and Injury Attorney Stephen Schultz and talk to an experienced lawyer who knows the nuances of insurance coverage. Attorney Stephen Schultz and the other lawyers at Schultz Legal Group are happy to provide you free advice on procuring the necessary insurance coverage to protect you and your family. Call us at (314) 448-0934 anytime for a free consultation.
In the State of Missouri, every motorist is required by law to have $25,000/$50,000 liability, $25,000 uninsured motorist, and $10,000 property damage coverage. Failure to have insurance in effect with these minimum coverages is a crime. But don't think for a second that having Missouri minimum insurance coverage means that you have "full coverage". To the contrary, anyone having Missouri minimum coverage actually has "minimum coverage". Let me explain: Lets say you are rear-ended by another driver and you are seriously injured. Just a three day stay at St. John's with diagnostic testing then runs up your medical bills to over $30,000. If the negligent driver who hit you had "Missouri minimum coverage" of $25,000, who is going to pick up the deficiency of $5,000? What about your pain & suffering? What about your lost wages?
Now lets look at another scenario. You are driving down the road, reading an email on your cell phone and end up crashing into another motorist, causing a serious automobile accident. The personal injuries caused to the other driver and his/her passengers is well over the amount of liability coverage you have on your own vehicle because you chose to procure the "Missouri minimums." The injury victims decide to retain a Missouri personal injury attorney, who sues you and your insurance company. The victims end up collecting your full policy limits of insurance and then obtain a judgment in the Circuit Court of St. Louis County for $500,000. The sheriff takes that judgment and comes looking to you for the sale of your assets, liens on bank accounts and investments, and garnishing wages from your employer.
Having adequate automobile insurance coverage is critical. Not only for your physical well-being, but also for your own financial protection. Don't wait until you find yourself in one of the two situations mentioned above. Call St. Louis Accident and Injury Attorney Stephen Schultz and talk to an experienced lawyer who knows the nuances of insurance coverage. Attorney Stephen Schultz and the other lawyers at Schultz Legal Group are happy to provide you free advice on procuring the necessary insurance coverage to protect you and your family. Call us at (314) 448-0934 anytime for a free consultation.
