What Are The Car Insurance Requirements In Arizona?
Up until July 1, 2020, the minimum liability limits are $15,000 per person and $30,000 per accident. After 7/1/20, the minimum limits are going up to $25,000 per person and $50,000 per accident. The law does not require anything more than liability coverage, but since this only protects other people when you are the one at fault, it is a really good idea to get uninsured and underinsured coverage as well as collision coverage.
What Happens In An Accident Where The At-Fault Driver Does Not Have Insurance And I Don’t Have UM Coverage?
Uninsured Motorist coverage (“UM”) pays you when the other driver has no insurance. If you don’t have this coverage, and they do not have valid coverage either, there is no way to get any payment for your injuries.
Underinsured Motorist coverage (“UIM”) covers you when the other driver has insurance but not enough to cover all of your medical expenses and pain and suffering. Without UIM you are limited to whatever insurance the other driver had.
What Happens When The At-Fault Driver Does Not Have Insurance And I Do Have UM?
If you do have UM coverage, then your insurance steps in to pay as if they were the insurer for the at-fault driver if that driver had no insurance. This works also if the other driver fled the scene and could not be identified (hit and run). A good lawyer will be able to help you pursue the right avenues.
Is There A Certain Time Limit To File A UIM Claim?
The time limit for a UM or UIM claim is three years from the date you knew or should have known that the other driver was uninsured or underinsured. There are some exceptions to this, but usually, a claim should be submitted as soon as possible and well before any time limit runs out. Consult a good lawyer as soon as possible after the accident to avoid any possibility of missing these deadlines.
Is It Advisable To Sue The Uninsured Or Underinsured Person?
It is totally unnecessary to sue the uninsured or underinsured person if you have UM ad UIM coverage on your own policy. If you do not have UM and UIM, then sometimes the only option left is to sue the other driver. However, people with no insurance usually have no assets, and you are very unlikely to get anything more than a piece of paper saying “you win,” by suing an uninsured person. A good lawyer can help you sort through these options.
Is It Difficult To Recoup A Settlement From Lawsuits Against Uninsured Or Underinsured People?
It is extremely difficult to get any money from uninsured people. You have a little better chance with under-insured people, but the chances are still pretty low. It is much better to have Uninsured Motorist and Under-insured Motorist coverage (“UM / UIM”) on your own policy.
For more information on Car Insurance Requirements In Arizona, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (480) 588-5999 today.
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