Philadelphia Car Accident Attorney Warns Pennsylvania Drivers to Make Sure That You Are Covered With Uninsured and Underinsured Motorist Coverage During the Recession
Philadelphia car accident attorney, Jeffrey Reiff, of the Philadelphia car accident law firm of Reiff & Bily warns Pennsylvania drivers that an insurance research group forecasts that the fallout from the recession would lead to an increase in the number of motorists driving uninsured to more than 1 in 6 nationally by next year. Unfortunately, in Philadelphia and Pennsylvania we are seeing a higher number of uninsured and underinsured motorists due to recessionary fallout.
A report from the Pennsylvania based research council on Wednesday, January 1, a not for profit group funded by the insurance industry, stated that a percentage of uninsured motorist usually rises with the unemployment rate and it expected that 16.1% of motorists would be uninsured next year, the highest rate since 1980's and up from 13.8% in 2007. The national unemployment rate was 7.2% last month, up from 4.9% a year earlier.
Based upon our own Reiff & Bily car accident research and findings, we are seeing an extraordinary increase in the number of uninsured drivers, as well as individuals selecting limited tort coverage instead of full tort. The increase in the number of uninsured motorists is an unfortunate consequence of the economic downturn and hence, we urge anyone reading this blog to contact us for a free insurance checkup and strongly suggest that you consider the purchase of uninsured motorist automobile insurance if you wish to be fully protected in these uncertain times.
If you or a loved one has been injured in a car accident, please contact the experienced Philadelphia car accident attorneys at Reiff & Bily for a free consultation at 1-800-421-9595 or online at www.reiffandbily.com.
