What happens if I am underinsured?

What happens if I am underinsured?

Being “”underinsured”” means a person has insurance coverage, but the limits may not be high enough to cover the full expenses of a claim.

How do I know if I am underinsured?

Signs you may be underinsured You haven’t reviewed or updated your policies in years. …You only have group insurance. …You have to pay a large out-of-pocket cost before benefits kick in. …You have paid off debts or you have fewer obligations. …Your homeowner’s policy overestimates construction and replacement costs. More items… • Jul 1, 2020

What happens if I’m underinsured?

This means that someone injured by an uninsured or underinsured driver may be unable to collect damages from the other driver for medical costs, lost wages, car repair bills, pain and suffering and other losses after a car accident in California.