According to recent statistics, 14 percent of all drivers in America have no auto insurance. In order to protect insured drivers from this large population of uninsured, many states have laws pertaining to coverage in accidents involving uninsured drivers.
Many states require all drivers to carry minimum coverage for damage from uninsured motorists. This type of insurance requires the insurer to pay an accident claim as it would be reimbursed when the person at fault had insurance. The law may also allow the victim to sue the uninsured driver for damages incurred from the accident.
Uninsured motorist laws have been put into place to protect insured drivers from suffering damages resulting directly from motorists who are driving without insurance, and also as an incentive to give consumers more motivation to purchase auto insurance.
Most uninsured motorists are unable to afford auto insurance and they may need to drive to get to work every day particularly if they live in rural areas where public transportation does not exist. Therefore when an accident occurs, even if the uninsured motorist is sued, he/she may not have the resources to cover the damages, hence the reason uninsured motorist insurance is available and highly advised.
Uninsured motorist laws may differ from state to state, but most regions will revoke a motorist’s driving privileges if there has been an accident and that individual will not be allowed to be re-instated until they pay for any injuries or damages that they caused.
You may want to review your particular state laws to find out what your rights are regarding uninsured motorists.
If you are searching for a new vehicle, visit GMT Auto Sales in St. Louis and ask about guaranteed financing policy to get you in a new car right away if you have had a recent auto accident.












Avoid Repossession, Negotiate With Your Bank
There are alternatives to repossession alternatives such as a simple loan modification, like a change in payment due date. You may be buried under late payment fees and need them to be waived so you can afford your regular payment. Lenders are often open to working out solutions to avoid repo.
Be proactive and call your lender to ask for the supervisor who has the authority to negotiate with you and propose an alternative. He/she may be willing to negotiate, If not, propose another idea or you can always ask for suggestions. Make it clear that you want to avoid repossession and are willing to work with the bank or lending institution.
Be sure to ask for a copy of the agreement in writing once you have negotiated a solution to prevent repossession. The bank should be willing to provide this. If you do not get the agreement in writing the lending institutiion will not be legally obligated to follow through and could still repossess the vehicle.
Once you have addressed your credit issues, if you are in the market for a new vehicle, visit GMT Auto Sales in St. Louis today.