Roughly 14% of motor vehicle owners/operators in Louisiana have no automobile insurance. This is a pretty scary figure; roughly one (1) out of every seven (7) cars on the road in Louisiana is uninsured.
Uninsured or under-insured motorist coverage is a type of automobile insurance coverage that exists to cover a person for bodily injury damages when the at fault motorist in an automobile accident either has no insurance OR the at fault motorist does not have enough insurance to pay for a claimant’s damages.
A minimum automobile bodily injury liability policy in Louisiana allows for up to $15,000.00 in recoverable damages per person and a maximum of $30,000.00 in damages per accident. In other words, a minimum auto policy in Louisiana will pay out a maximum of $30,000.00 per accident but no one claimant can receive more than $15,000.00 in damages from the auto insurance policy.
The short answer to whether a person should carry uninsured/under-insured motorist coverage on their auto policy is YES!
If there are more than one or two claimants claiming against a minimum Louisiana auto liability policy for a motor vehicle accident, $30,000.00 can get exhausted quickly. Often, adding uninsured/under-insured motorist insurance to you auto policy costs less than $100.00 per year and you gain at least an additional $15,000.00 in coverage per person and an additional $30,000.00 in coverage per accident.
The experienced attorneys of Darryl Breaux & Associates have been recovering damages from automobile accidents in New Orleans and Louisiana by making uninsured/under-insured motorist claims for their clients for over 30 years.