The Importance of Being Fully Covered
When a person is involved in a car accident, they may experience anxiety and worry about various factors. One of the most common factors that car accident victims worry about includes whether or not that person’s insurance policy will cover the damages resulting from the accident.
Unfortunately, many individuals do not understand how insurance works or the various forms of insurance that can be beneficial in the event that a vehicle collision occurs. To help, our Reno car accident lawyers have provided information on the importance of having higher policy limits, the benefits of attaining Med Pay Insurance, and the advantages of obtaining underinsured motorist or uninsured motorist coverage.
Higher policy limits
When a person purchases liability insurance, a policy limit is put in place. The phrase “policy limit” refers to the maximum amount of money an insurance company is liable for providing. For instance, if an individual purchases a vehicle insurance policy with a $50,000 policy limit, the insurance company will only pay that same amount. So, if there are $75,000 in damages, the insurance company is not liable to pay beyond the $50,000 policy limit.
Med Pay Insurance
Med Pay Insurance is designed to cover the medical payments of all passengers in a vehicle if they sustain injuries in a vehicle collision. Similar to Personal Injury Protection, often referred to as PIP, Med Pay Insurance pays for physical harms caused by a crash. However, PIP can extend to cover additional matters such as lost wages.
Underinsured Motorist or Uninsured Motorist Coverage
A driver can protect himself or herself by purchasing uninsured motorist or underinsured motorist coverage. These types of coverages can provide a person with extra insurance coverage in the event that a driver is injured by another motorist with a small liability insurance policy.
Involved in a Car Accident? Call Joey Gilbert Law
If you have been involved in a car accident and believe another driver should be held liable for yours or your passengers’ injuries, we invite you to get in touch with our Reno car accident lawyers right away. When you choose to work with our team, we will examine every detail of your case and determine which legal strategy can help you recover monetary compensation right away. Because we understand that many large insurance companies do their best to minimize the claims of victims, we work diligently to form only the strongest case strategies on behalf of our clients.