Tag Archives: AutoInsurance

Why is Underinsured Motorist Coverage Important?

Underinsured motorist (UIM) coverage is beneficial if you have been in an accident. More specifically if the accident is not your fault and the other driver does not have sufficient coverage. This is an ideal situation to have underinsured motorist coverage. What Does Underinsured Motorist Coverage Do? Underinsured motorist coverage will cover any medical expenses as well as property damages from an accident. It works to close the space between the other driver’s limited liability insurance and what your expenses are. It may take a while to find out if the other driver is underinsured. With an uninsured driver, you will usually find out at the scene. You may also find out that a driver is underinsured. However, until you know the full cost of the accident to you, the limits of the at-fault driver’s insurance cannot be fully determined. An accident may affect more than just damages to your…
Read More »

Posted in Car Accident | Tagged | Leave a comment

Do Personal Assets Impact How Much Car Insurance You Need?

Many people do not realize that when it comes to determining how much car insurance to purchase, the value of their personal assets can play a huge role. How Your Personal Assets Impact the Amount of Car Insurance Coverage You Need There are three categories of personal assets: tangible assets, financial accounts and income-generating assets. Tangible assets include items like your car, house and any valuables, such as antiques or fine art. Financial accounts are things like your life insurance policy, checking account, savings account and retirement account. Income-generating assets involve things that make you money, such as a business you own or a real estate investment. Depending on the level of car insurance coverage you carry, your personal assets could be at stake if you are at fault for a traffic accident and your insurance does not cover the accident victim’s physical injuries or the property damage from the…
Read More »

Posted in Car Accident | Tagged , , | Leave a comment

How Can I Choose Good Auto Insurance?

If you are a vehicle owner in New Jersey, you probably have auto insurance, but you may not think much about the details of your policy. However, you should know what your policy’s fine print says. Our Atlantic City car accident attorneys have handled numerous cases over the years where the financial costs associated with a crash have reached millions of dollars, far exceeding the coverage of a driver’s insurance policy. If your policy has lower limits—you could potentially be held liable for a crash and be forced to pay out-of-pocket costs if an accident results death or injuries. With this in mind, in New Jersey several types of coverage are available for drivers. These include: Bodily Injury Liability Coverage – this pays for claims and lawsuits by people injured in accidents you cause Property Damage Liability Coverage – pays for claims involving property damage Uninsured and Underinsured Motorist Coverage…
Read More »

Posted in Car Accident | Tagged | Leave a comment