Mandatory car insurance requirements can help protect motorists from risk, and society at large from the financial hardship motor vehicle collisions can cause. Even those who do not drive, such as pedestrians and cyclists, are potentially at risk when collisions occur.
Georgia’s insurance regulations help protect people when crashes occur by guaranteeing a minimum amount of insurance coverage for collision-related expenses. Insurance also protects those who cause crashes from long-term financial devastation due to their liability.
Despite state requirements, there are drivers on the road who do not have any liability insurance, either due to a failure to pay premiums or intentional policy cancellation. Do drivers need to carry uninsured motorist coverage because of that additional risk?
Uninsured motorist coverage is optional
The law does not require that drivers add uninsured motorist coverage to their policies. However, it is often a worthwhile investment.
Uninsured motorist coverage and underinsured motorist coverage only have a minor impact on overall policy costs but substantially expand the coverage available. If uninsured drivers cause crashes, the supplemental coverage can help reimburse the people affected by the collision.
Without uninsured motorist coverage, those hit by uninsured drivers may have few options other than filing personal injury lawsuits to recover their losses. They may need to look into third-party liability to improve their chances of covering their collision costs.
Learning more about Georgia’s insurance regulations and traffic laws can be beneficial to those seeking to limit their liability and financial vulnerability when driving. Legal guidance can help people understand insurance matters, and can be invaluable after a motor vehicle crash occurs as well.