Car Accident Lawyers Give Advice on Insurance
Car insurance is viewed by a lot of people as a necessary evil. Having to make insurance payments each and every month especially when you have never been involved in any car accident sometimes seems like a huge waste of your money. However, when you have an accident claim, car insurance could be a great financial saver. Moreover, car insurance is actually demanded by law.
Car accident lawyers get this question a lot: If it is a requirement for you to have auto insurance, then what car insurance coverage should you get?
This guide will assist you in answering this age-old question. The information below will help you understand what is entailed in the different types of car insurance and the amount of coverage suitable for you. Car accident lawyers can provide you with more specific information as they have inside info about how car insurance companies operate.
Here are the common car insurance covers
1. Liability insurance
This kind of insurance will assist you if it happens that you are involved in a car accident and it is established that your actions were responsible for the accident. Any property damage and medical bills that result from the accident will be covered by this insurance. The majority of states have actually set a minimum requirement for liability insurance coverage amount which drivers are obligated to have.
2. Collision coverage
In case of an accident, this type of insurance covers any costs associated with repairing your vehicle. If your vehicle gets totaled (a situation whereby its cost of repair is more than the vehicle’s value) in a fatal car accident, then this insurance will automatically pay for your car’s value.
If you have an old car it might not be worth having this kind of insurance coverage for it, based on its value. But if you own a relatively new car or an expensive one, then it will be wise for you to take collision coverage.
3. Comprehensive coverage
You might find yourself in an accident caused by factors that are not covered by any of the typical car insurance packages – for instance, weather damage or hitting a deer. This is where comprehensive coverage comes in. It covers almost every cause of accident imaginable. This makes it more expensive. If you can afford it, then go ahead and get it. However, having this type of cover on your car is not really necessary, and it can be costly.
4. Personal injury protection (PIP)
This is something that you definitely need to purchase. PIP covers your medical bills and the medical bills of your passengers, regardless of who is at fault in an accident.
5. Underinsured /Uninsured motorist protection (UM/UIM)
Even though state laws demand that all drivers ought to be insured, this is sadly not the case. Another major concern is that though a driver might have liability insurance, several states have somewhat low minimum coverage requirements which might not be enough to cover all the losses incurred in an accident. Therefore, if somebody is responsible for the damages caused by the accident, you will not get any payment if they are not covered, or you will end up getting less than is actually needed to cover all the damages if they don’t have adequate coverage. Such situations call for underinsured/ uninsured motorist protection to ensure that you will be adequately compensated.
Cheaper is not always better with regards to car insurance coverage. Just make sure that you do your homework to get a well-balanced policy; one which adequately covers you in case of an accident but one which doesn’t make you pay for insurance coverage that you don’t really need. Your car accident lawyer will make sure that you get well compensated for the suffering and losses caused by an accident. Contact us now and we will quickly assign one to you.
Last Updated: 03-24-2017