In Iowa, drivers who have caused an accident are responsible for paying damages to the affected party. However, matters become complex when the at-fault driver does not have assets or lacks insurance to pay. If this is your situation, you are not without options.
Breaking down Iowa’s rules on insurance minimums
Iowa law requires insurance providers to include Uninsured Motorist (UM) and Underinsured Motorist (UIM) coverages in liability policies, but you have the option to reject this in writing. The limits include:
- $20,000 for bodily injury or death to one person
- $40,000 for bodily injury or death to two or more people in a single accident
Purchasing these limits is crucial. If an uninsured or underinsured driver hits you, they likely cannot pay for your medical bills and lost wages. Having UM/UIM coverage will apply and ensure you reclaim your losses.
Navigating a hit-and-run accident in Iowa
But what happens if a driver flees the scene after hitting you? You might want to hold them accountable, but finding them may take time.
Your case may fall under an UM claim. Seeking compensation under the UIM plan will only apply if you have identified the fleeing driver and carries less insurance than your policy’s limit.
Protect your injury claim with legal counsel
Reporting the incident with your insurer is vital in claiming benefits. However, while you are a customer, they may use tactics to lower your settlement. To avoid this, seeking legal counsel can guide what you should do and not do when talking to an adjuster.