The law requires that all vehicles on the roadway be covered by insurance. The intention of this law is to protect all parties should an accident occur. Although state laws vary, Missouri, Kansas, Oklahoma and Arkansas define “uninsured” in terms of an accident, as occurring when the at-fault party is not covered. When such an accident occurs, special laws may apply, such as laws which require available policies to be “stacked” in order to expand the available compensation.
As you can see, an accident involving uninsured drivers can become a complicated situation. Trying to get your own damages covered can be a difficult ordeal. You often find yourself fighting with multiple parties and with insurance companies whose main job is to minimize their losses. This means their goal is to reduce the amount of payout wherever they can.
Even if all parties in an accident are insured, a similar situation may occur if the amount of available insurance is lower than the amount needed to cover damages. This happens because the state mandates a minimum amount of insurance coverage. This amount can quickly be spent on medical costs while still leaving a lot of unpaid bills and unrepaired damage. It also leaves no room for pain and suffering, loss of wages and loss of future earning.
In either an uninsured or underinsured situation, things can quickly become serious. Victims can be left holding a stack of bills, unable to work and left to fight with insurance companies over compensation. It is absolutely imperative that you have legal representation if you or a loved one are in an under or uninsured accident situation. The insurance companies are looking out for their interests, you need someone looking out for you.