Posts Tagged ‘car insurance policy’

Pedestrian Car Accidents

By admin

Monday, March 7th, 2016

New Jersey has some of the busiest roads in the country and car accidents are on the rise. Not only are the roads congested with cars, motorcycles and trucks, but many pedestrians use the roads as a cheaper, healthier way to get from point A to point B. Pedestrians have the same rights on highways as motor vehicles.

But what happens when these vehicles, which weigh thousands of pounds, collide with the human pedestrian? Disaster.

You see it in the news almost weekly. A pedestrian is struck by a motorist and seriously injured or killed. As a result, the pedestrian suffers personal injuries, medical expenses and possibly loss of income or the ability to work. These damages can be devastating. Much like a driver or passenger of a motor vehicle, pedestrians have the right to have their medical expenses paid by their car insurance company under their Personal Injury Protection (PIP) policy, even if they are not operating a vehicle at the time of the accident.

In addition, they may be entitled to both economic and non-economic compensation from the insurance company of the motorist who was negligent. Often times these cases can involve serious injuries due to the lack of protection from the crash and the sheer weight and speed of the offending vehicle.

It is absolutely crucial to speak to an injury attorney after such a tragedy that knows how to ensure that you are taken care of for the damages you suffer as a result of a pedestrian car accident.

I Was In a Car Accident, Should I Talk to the Other Driver’s Insurance Company?

By admin

Monday, December 21st, 2015

No.

If you get into a car accident, you should not speak to the other driver’s insurance company before consulting with an attorney. The reason for this is pretty simple. Insurance companies train their claims adjusters to take advantage of drivers and witnesses before they have the opportunity to seek legal counsel to explain their rights.

Once a company is given notice about an accident that involves one of their insured drivers, they are told to immediately begin investigating the accident. The reason they hit the ground running from day one is because they are thinking about how they can escape liability for the accident and avoid paying claims. They don’t really care whether you’re injured or not, they only really care about how your injury will affect their bottom line.

The typical situation arises following a car accident. The drivers exchange information and following the crash, both drivers alert their insurance company that they were involved in an accident. Shortly after that, you get a call from the other driver’s company asking for information about how the accident happened (from your perspective) and your injuries. Again, this is not because they care, but rather they are trying to build their defense and figure out how much they think your claim is potentially worth.

When they contact you, they may ask you for a recorded statement. This is typically taped by an adjuster who asks questions about the happening of the accident and any treatment you’ve had.

DO NOT under any circumstances give a recorded or written statement to the other driver’s insurance company. They are NOT mandatory regardless of what the insurance company tells you.

These statements can be very harmful to you and any potential claim you may have. They could be used against you years later at a trial. The best bet is to consult with an attorney soon after a car accident so they can properly advise you of your rights and obligations, including those owed to the other driver’s insurance company.

When in doubt, just say no.

Your News Years Resolution: Update Your Insurance Policy

By admin

Thursday, January 8th, 2015

Every year millions of Americans make New Year’s resolutions when the calendar turns January 1st. Typical resolutions include losing weight, getting a new job or even changing bad habits. However, this year, it may be a good idea to take a look at your car insurance policy.

If you own or lease a car in New Jersey, you are required to maintain car insurance policy on that car. But when is the last time you looked at your coverage to see how much coverage you actually have? It might be time to call your insurance agent and ask for a copy of your declaration page.

A declaration page is an insurance term for a list of your coverage. The typical declaration page lists your coverage for bodily injury, property damage, personal injury protection (PIP) and any other coverage you have on your car. A couple of the most important items you will find on your declaration page are your underinsured motorist coverage (UIM) and your personal injury protection coverage (PIP).

UIM coverage is insurance that is available if another party involved in an accident has inadequate insurance coverage. In that’s scenario, you can seek benefits under your own company’s UIM policy.  PIP is the coverage on your insurance policy that pays for the reasonable and necessary medical bills that arise from a car accident. There is a deductible that you are usually required to meet and the company will pay for the bills in excess of that deductible.

Both UIM and PIP coverage should be as high of a limit as you can afford. You can’t rely on other drivers’ insurance policies to help you pay expenses when you’ve had an accident. In addition to both UIM and PIP, it is important that you know what lawsuit threshold you have on your insurance policy. Most companies give their customers the default insurance policy, which includes the limitation on lawsuit threshold. This type of policy restricts your ability to file a lawsuit against another driver for injuries unless they fit into a certain category. To ensure an unlimited ability to file a claim, you should choose the no limitation on lawsuit option.

As a consumer and payer of a premium, you are entitled to know what coverage you have and what happens if you need it. Call your insurance company and request a copy of your declaration page. It’s better to know now than to find out when you need it.