Know about required auto insurance coverage in an auto accident

Anton Nickloi    Auto Accident    

Just Go through this section to know how to purchase the required auto coverage.

• Liability coverage

You need to purchase minimum liability coverage as outlined by your state. For example, as of January 2010, the liability minimums in the state of Arizona are 15/30/10. So, in Arizona, the minimum coverage requirements are 15,000 USD of bodily injury liability for one person, 30,000 USD of bodily injury liability for all people and 10,000 USD of property damage liability for an accident.

However, it is advisable that you purchase higher liability coverage limits for your policy. This is because, if someone else gets injured in the accident and you are at fault, then the state minimum coverage will not cover the medical expenses. In such a situation, the other person’s accident attorney may go after your valuable assets to cover the costs.

• Collision and comprehensive coverage

You should purchase relatively higher collision and comprehensive coverage if you drive an expensive car than a person who drives an old vehicle.

• Underinsured/uninsured motorist coverage

You should also purchase underinsured/uninsured motorist coverage even if you already have full medical coverage. This is because the underinsured/uninsured motorist coverage covers up the losses that a health insurance doesn’t cover. As for example, this coverage pays for the lost wages (for the period you are unable to work) when you are hit by a car on the road.

• PIP coverage

You can drop PIP (Personal Injury Protection) coverage if you already have separate disability and health insurance policies. So, before purchasing the coverage, go through the terms and conditions of other policies and if required, consult with an insurance agent so that you don’t end up paying for the coverage that you don’t need.

However, it is advisable that you don’t drop any auto coverage (that you require) simply to reduce the premium cost of your policy. Instead, you can choose a comparatively high deductible or buy multiple insurance policies from the same insurance company. Both these strategies may help you to reduce the premium cost to some extent without compromising on the required coverage. Visit www.wolfandpravato.com to hire a qualified West Palm Beach Injury Attorney. Wolf & Pravato distinguishes itself from so many other personal injury law firms because of decades of experience and the legal resources to handle virtually any case involving injury to families or individuals. 

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