Personal Injury Protection Coverage. Uninsured and Underinsured Motorists Coverage
Suppose you’re walking down the street, and as you cross at an intersection, a moving vehicle hits you. You get hurt, badly. Your personal injury protection coverage will pay for your medical expenses even though you were not in your vehicle at the time of the accident. Sure, you can sue the driver who struck you for your medical expenses, but how long would that take? Your personal injury protection coverage enables you to be reimbursed promptly for medical expenses incurred as a result of an auto accident and also provides for other basic coverages such as salary reimbursement.
Personal Injury Protection coverage is required by law, but besides that it’s a good idea to have this coverage.
Uninsured and Underinsured Motorists Coverage
Suppose you’re driving on a highway, and another vehicle is merging from an on-ramp. He is supposed to yield, but doesn’t. The other vehicle sideswipes your car and then drives on! You are the victim of a hit-and-run accident. You can’t catch up to the other vehicle because of the damage to your own car. (Besides, it’s probably not a good idea to chase after someone that just hit your car and took off, you may wind up getting in a more serious accident.) If you didn’t have uninsured motorists coverage you wouldn’t be compensated for the damage to your vehicle. You would have to pay out-of-pocket to get your car fixed. Not many of us could afford that.
Uninsured and underinsured motorists coverage protects you when you are the victim of a hit-and run accident or when an uninsured or underinsured vehicle strikes your car. The best auto insurance for you from the leading car insurance companies.
Except for under a basic policy, which is explained at the end of post 4, New Jersey state law requires uninsured and underinsured motorists coverage, but besides that it’s a good idea to have this coverage.
