No matter how old you are, and how long you have been driving, there is always something new you can learn to better protect yourself and others on the road. In today’s case, it’s insurance coverage for motor vehicle accidents and injuries. Yes, you probably already have car insurance, as you must, but there are additional coverage plans that can drastically influence an outcome of a motor vehicle accident; especially if that accident results in injury or death. These kinds of accidents can happen to anyone, at any time, so it is best to be prepared to the fullest. This is especially beneficial for adolescents and new drivers.

Limited Liability Insurance Coverages

The reason it is so highly recommended to consider additional insurance coverage is due to liability limits. When a person purchases a new policy, a liability limit is established. The liability limit is the amount of compensation that would available to a person or family in the event that you negligently cause a motor vehicle accident in which someone were injured or killed. This kind of insurance is highly beneficial because it protects your assets from being liquidated in order to compensate a victim or their loved ones after your insurance liability limit is reached. The more personal assets you own and need to protect, the higher your liability limit should be.

Although all drivers and car owners are obligated by Indiana law to have a minimum amount of liability insurance, it is not enough in the event that a person is seriously injured or killed. This mandatory liability coverage is meant to ensure that a valid policy is in place to cover bodily injury and vehicular damages. In Indiana, the mandatory liability coverage is 25/50/10; which means $25,000 per person, $50,000 per accident, and $10,000 for property damages (in the case that your car accident caused property damages). The 25 is for yourself, to cover medical expenses, hospital bills, and vehicle damages, if you were the only one in the vehicle. If multiple people were injured, the 50 is divvied among each injured person in the victim’s vehicle. Now here is where the trouble can start if you don’t have ample liability coverage.

If your insurance limit only covers $50,000 for each injured victim, but their accumulated damages cost more than 50 grand, who is responsible for the remaining difference? This is where it can get complicated. Contact an Indianapolis Personal Injury Law Firm and speak to a licensed attorney about your case in order to learn your specific options. Take a look at the types of additional insurance coverage that can prevent these predicaments and compensation problems following a motor vehicle accident.

Insurance Plans that Provide Peace of Mind:

✤ Medical Payment Coverage

This coverage, also referred to as “medpay”, is an optional policy you can add onto your existing auto insurance plan. This coverage is meant to cover medical expenses following a car accident, regardless of who is at-fault. This is beneficial coverage because it pays for a person’s medical expenses while their treatment is ongoing. This is great for people who do not have private health insurance coverage, and can’t pay out-of-pocket for treatment while waiting for reimbursement checks from the auto insurance company.

✤ Un-Insured and Under-Insured Coverages

UM insurance is very important to have and should be strongly considered by all drivers who do not already carry this type of insurance. In the case that a you are involved in a car accident, and the negligent driver does not have enough insurance, or personal coverage, to compensation you for your bodily injury and vehicle damages, your UM coverage will come in handy. If the at-fault driver does not have insurance at all, then this is another instance where UM insurance coverage helps. You won’t be stuck paying for your own vehicle damages and medical expenses and more if the negligent driver has no insurance, or not enough.

Craven, Hoover, and Blazek P.C.

Call 317-881-2700 and schedule a free initial consultation with one of our licensed personal injury lawyers in Indianapolis, Indiana. Seasoned attorney, Daniel Craven, and his fellow colleagues, are eager to help you recover the full and fair compensation you deserve after being injured in a motor vehicle accident. We provide comprehensive legal services for car accident victims and their families, and we never collect lawyer fees unless we obtain compensation for you! Call 317-881-2700 to learn more about your rights following a personal injury in
Indianapolis, IN or its surrounding counties.