Yes. Oklahoma, unlike many states, allows an insured to stack or combine coverage from multiple UM/UIM policies when separate premiums have been paid for each.
Uninsured motorist (UM) and under-insured motorist (UIM) insurance pays victims of car crashes for medical bills and property damage when the at-fault driver either has no insurance or has insurance in [...]
Oklahoma insurance companies typically offer medical payment coverage, commonly referred to as “med pay”, rather than personal injury protection (PIP) coverage which is sometimes sold in other states. Medical payment coverage covers reasonable and necessary medical expenses up to the limits of the coverage regardless of who was at fault in the accident.
If you have [...]
Yes. the Oklahoma Supreme Court has ruled that an insurance company may exclude a specifically named driver from coverage offered by an automobile liabilty policy. In Pierce v. Oklahoma Property & Casualty Insurance Co., the Supreme Court of Oklahoma evaluated conflicting public policies and upheld this exclusion that allows members of a household to obtain [...]
Yes. Oklahoma law requires insurance companies to offer their policyholders uninsured/underinsured (UM/UIM) motorist covereage in an amount equal to the minimum liability limits on each insured vehicle.
If the insured chooses not to purchased UM/UIM coverage or chooses to purchase UM/UIM coverage with lower limits than the liability limits, a written waiver must be signed by [...]
It depends on the timing of the request for disclosure. An insurance company has no legal duty to disclose the limits of an insured’s automobile liability policy to an injured third-party claimant prior to a lawsuit being filed. However, once litigation has commenced, the liability limits are discoverable.
This can complicate the handling of uninsured/underinsured motorist [...]
Any automobile liability insurance policy issued or renewed after April 2005 is required to provide minimum limits of $25,000 per person, $50,000 per accident, and $25,000 for property damage.
Source: Tit. 47 O.S. 7-324.
Yes. The Oklahoma Compulsory Liability Insurance Act provides that:
“…every owner of a motor vehicle registered in this state…shall, at all times, maintain in force with respect to such vehicle security for the payment of loss resulting from the liability imposed by law for bodily injury, death and property damage sustained by any person arising out [...]
When considering any issue involving insurance in Oklahoma, it is important to determine whether or not the issue is a “first-party” issue, a “third-party” issue, or some combination of the two.
First-party claims
“First-party” refers to coverage provided by an insurance policy that belongs to the person making a claim for benefits from that policy. These coverages [...]
Oklahoma law requires drivers to maintain insurance coverage on their vehicles. Unfortunately, many drivers ignore this requirement. If your automobile policy provides for “uninsured motorist” coverage, even if the party at fault has no insurance on his vehicle, or does not have enough insurance to pay your damages, your insurance company may provide compensation.
If you [...]
