Auto accident insurance, do you have the right policy?
We don’t like to think about it but auto accidents can happen. When they do, you want to make sure you are prepared and protected with the proper auto accident insurance.
Let’s take a look at different kinds of car insurance policies and how they can protect you in the event of a car accident, from this KTAB interview.
First party car insurance is coverage you have on your own auto accident insurance policy. It’s typically referred to as UM, UIM, PIP, Med Pay coverage, and things like that.
UM coverage uninsured motorist coverage. That comes into play when another driver who may cause an car accident with you, has no auto accident insurance coverage. Underinsured motorist coverage is another type of first party auto accident insurance that comes into play when the other driver of a vehicle that causes a truck accident with you doesn’t have enough insurance coverage. PIP is another personal injury protection and then there is medical payments coverage also.
It is so important to look at your own auto accident insurance coverage to make sure you are covered should a motorcycle accident or car accident happen. One of the ways you can do that is to look at your own auto accident insurance policy and make sure that you have that coverage. In the event someone hits your car and injures you, and they do not have any insurance, that’s where the uninsured motorist coverage plays a role. You can then look to your own policy to cover your injuries and your lost wages and things of that nature. By that same token, if that other person who hits you, doesn’t have enough car insurance coverage, you can look to your own policy to cover any excess benefits, lost wages or things of that nature.
In general, people might think, it’s the law that you need to have auto accident insurance.
In reality, that’s not always the case. Unfortunately, a lot more car accidents that happen, involve a driver who doesn’t have any auto accident insurance. Insurance can be expensive and hard to keep and that might explain why so many drivers may not have any auto insurance.
A lot of drivers on the road don’t take the responsibility that they should and carry the coverage they are required by law to have. That is why you are really encouraged to look at your own auto insurance policy to protect yourself.
How can a person check through this easily if they look at their auto accident insurance policy and it looks like a whole jumbled mess and they don’t know what it means?
Where is the best place to go to make sure you understand what auto insurance you have and that you are getting what you really need? If you have an auto insurance agent that you talk with regularly, go talk to them about your concerns to make sure you are covered. If you don’t, work through your insurance carrier and look at your declarations page. Your declaration’s page is going to tell you all of the types of coverage on that policy, the amounts, the limits, all of that. Then you can talk to your insurance carrier and tell them you want to add this or that and it can simply be a few dollars a month more to have that extra coverage.
Be protected in the event of a car accident by having the proper auto insurance and get a free consult with a car accident attorney if you have been involved in a car accident.