Estimates in New York indicate that more than a third of all vehicles operated
on roadways have only the minimum amount of insurance prescribed by law
or they have no coverage at all. This is not a statistic that bodes well
for New York drivers. Roadways are dangerous enough as it is, adding to
that the fact that so many vehicles are uninsured or underinsured should
terrify most motorists and pedestrians.
Experienced Newburgh, New York car accident attorneys know that the minimum
car insurance requirements are:
Bodily injury in the amount of $25,000 per person and $50,000 per accident
Bodily injury for deaths is $50,000 per person and $100,000 per accident.
Property damage up to $10,000.
Uninsured/underinsured coverage up to $25,000 per person and $50,000 per accident.
The last bullet point above is what you should turn your attention to.
If the driver and or owner of the vehicle with which you collided is uninsured
or underinsured (does not have enough coverage to cover the victim’s
losses), your own policy can make up for the difference.
Note, however, that the amounts listed above are only the minimum required
by law. Many motor vehicle accidents will result in losses that end up
costing much more. Motorists can protect themselves by adding more to
their own policy. Sometimes, the increased coverage will not cost much
when considering the benefit gained, especially so if one is unfortunate
to be in a severe car collision.
In practical terms, what does all this mean for people injured by a negligent
driver? It means that $25,000 dollars is all that an injured person can
receive from insurance, period, for accident injuries. If the victim’s
injuries add up to $100,000, guess who pays the difference. Correct, the
victim does. Or, of course, the victim can sue the negligent party and
make the bad guy pay. But face it, how many people have $75,000 lying
around to pay an injured person? Right again, not many.
As stated above, the best way to protect oneself is by increasing the amount
of one’s own policy limits. Insurance agents value your business
and they know the ins and outs of automobile insurance. They too know
that adding coverage is not that expensive. Of course, certain factors
such as age and accident history will impact the cost of car insurance,
but such should not deter people from inquiring into the matter. Also
note that increasing coverage amounts can provide the policy owner more
coverage for one’s own negligent acts, thereby thwarting a potential lawsuit.
Learn about New York’s No-Fault law, liability, and other important
issues involving car accidents in our latest article posted here. Read
more about how No-Fault Insurance operates in New York in our blog posted here.
Our personal injury attorneys at Mainetti, Mainetti, and O’Connor,
P.C. have over 100 years of combined experience working with victims of
personal injury accidents throughout New York. We understand how to effectively
represent clients who have been injured in serious car accidents, particularly
throughout the Mid-Hudson Valley region in Kingston, Poughkeepsie, and
Newburgh where we have offices. Hear what our clients are saying about
us here and learn about just some of our successful results here. If you
or a loved one has been injured in a personal injury accident, please
do not hesitate to contact us by calling 845-340-HURT (4878) or toll free
at 866-440-4452, or by using the convenient contact form here.