What if the at fault party has very little, or minimum, insurance coverage?
The bad news I often have to give clients is there’s only a minimal, or less than needed, insurance policy available from the at fault party. No matter how horrible the injuries or how big the medical bills, if the at fault party only has $15,000.00 in bodily injury insurance coverage, then there’s only $15,000.00 available from the at fault party’s carrier and it is unlikely that substantial assets will exist.
Do yourself a favor: carry at least $100,000 in under-insured/uninsured motorist coverage through your own auto insurer. That way you know, no matter what, you have at least $100,000 available to you.
If you were a passenger in a vehicle involved in a collision, check with the driver of the car. You may be covered under his/her insurance coverage. Lastly, and again, you may also have insurance coverage at your disposal through a relative you reside with. Many policies are written to allow residing relatives protection.