The penalties for not having auto insurance can vary from receiving a Ticket, to having the registration for your vehicle revoked, to having your license suspended for several months.
No matter what state you live in, the penalty for getting caught driving without auto insurance will also include a hefty fee.
So, if everyone has auto insurance, then how does the insurance coverage effect a potential car accident lawsuit?
This can be a complicated question to answer because there are so many different types of coverage and coverage options that are available to drivers.
Every car accident case is unique and the type and amount of insurance coverage is a major factor that makes speaking with a personal injury attorney valuable to accident injury victims.
The main ways that Insurance affects Car Accident Injury cases are as follows:
If you have ever purchased auto insurance, you understand that different policies offer different amounts of coverage. The greater the amount of coverage offered by the policy, the more expensive the premiums are for the driver.
Nowadays, most auto insurance policies have fixed limits of coverage. Drivers will usually purchase a policy that provides a monetary coverage amount for each different type of coverage purchased.
In a standard policy, the amount of coverage usually does not cover close to the number of damages that are caused due to an accident.
That is why people are advised to by further coverages with higher coverage amounts. One of the common types of coverage that people get is Bodily Injury Liability, with coverage amounts usually either 20/50 or 100/300.
In a 20/50 policy, the 20 represents $20,000.00, which is the amount that is covered for a single person injury, while the 50 represents $50,000.00, which is the total amount that the policy will pay out for injuries sustained in the accident.
The same goes for the 100/300 policy, where $100,000.00 is the max payout for single person injuries, and $300,000.00 is the max total payout for any number of injuries.
It is important that if you are a policyholder, you understand the amount and types of coverage you have purchased. It is also vital to discuss your policies with your personal injury attorney so that they can determine how much financial compensation they can get you in a lawsuit.
If you are involved in an accident and are injured, Med Pay can cover your medical expenses that are not covered by your health insurance or cover your bills in cases where the other driver is not insured.
For example, if you are injured in an accident that causes you to have copays for doctors appointments, your med pay coverage would pay for these.
Furthermore, if the other driver's insurance is disputing the claim and you have medical bills, med pay can go toward paying those bills until the case is resolved with their insurance company.
Within an auto insurance policy, there are many different types of coverages that can be included. Depending on which coverages were purchased by the drivers involved in an accident, the value of a financial settlement can change.
The best way to understand how your insurance policy will affect your potential lawsuit is to understand the type of coverages and amounts you bought, and discuss your policies and the car accident with an experienced personal injury attorney.
Car Accidents can be complicated situations, especially when victims are unsure what type of insurance coverage they have and what type of insurance the driver who was at fault for the accident has.
If you have been involved in a car accident and would like legal help from an experienced accident injury attorney, click on the link below and get a free legal consultation with an attorney in your area today.