A new law in Illinois may offer more compensation to the victims of auto accidents. The bill, which increases the minimum coverage limits for drivers’ liability insurance policies, is waiting for Illinois governor Pat Quinn’s signature. Liability insurance is mandatory for drivers in Illinois—if you don’t have it, you can be cited if you’re pulled over.
Currently, many liability insurance policies have relatively low coverage limits. After an accident, if a victim’s claim exceeds the coverage limits of the other driver’s liability insurance policy, it’s hard to get the money needed for recovery (for medical bills, lost wages, and pain and suffering). The new bill would increase the minimum coverage amounts could increase for the first time in more than twenty years. In 1989, minimum coverage was set at $20,000 for the injury or death of a single person and $40,000 for the injury or death of two or more people—and the rates have not gone up since.
The first legislative proposal was to amend the Illinois Vehicle Code to increase the minimum for a single victim crash to $50,000; as usually happens in state government, negotiation in last year’s legislative session resulted in a reduced figure, with the minimum liability coverage limit in the current bill set at $25,000. The $5,000 increase is a compromise between offering more compensation to accident victims and keeping premiums low for those drivers who acquire the minimum coverage. No matter how much or how little insurance coverage you carry, the best way to recover money after an accident is with a qualified attorney. Attorneys can navigate the complicated, frustrating hurtles that insurance companies have put up—they negotiate and they fight for you.
If you have been injured in a car accident, contact Mike Agruss Law, for a free consultation at 312-224-4695. Mike Agruss Law, handles personal injury cases throughout Illinois. Mike Agruss Law, will handle your personal injury case quickly, will advise you every step of the way, and will not hesitate to go to trial for you. This litigation strategy will provide you with the best possible compensation.
Lastly, Mike Agruss Law, does not get paid attorney’s fees unless we win your case. Our no-fee promise is that simple. Therefore, you have nothing to risk when you hire our Chicago personal injury law firm–just the opportunity to seek justice. Call us today at 312-224-4695.