In the event that an at-fault driver had no insurance or insufficient insurance to cover your losses or pay you compensation, your own insurance will provide the compensation that the other driver should have provided. This is called uninsurance (UM) and underinsurance (UIM) benefits in your Oregon insurance policy. It is mandatory coverage and really is the best way to protect yourself from serious financial harm.
We strongly advocate that clients carry higher insurance limits so as to protect themselves from situations where the at-fault driver has no, or very little, insurance. Most insurance companies charge relatively little to increase your insurance limits of coverage for this.