For New Jersey drivers, automobile insurance policies provide three separate and distinct benefits: Liability Coverage, Uninsured/Underinsured Motorist Coverage, and Personal Injury Protection (PIP) Coverage. Automobile policies in New Jersey also limit your right to bring a claim for your injuries if you have The Verbal or Lawsuit Threshold.
Even though you may be a very cautious driver, accidents happen. What happens if you are involved in an accident and the other driver is uninsured or does not have adequate insurance (commonly referred to as being “underinsured”)?
The second benefit that your own automobile policy provides is protection for you and your family in the event that you are injured by someone who has no insurance coverage or who has a limited amount of coverage, which is insufficient to compensate you for your own personal injuries. This is called Uninsured/Underinsured Motorist coverage.
By law, drivers are required to carry a minimum amount of Uninsured Motorist/Underinsured Motorist coverage. Most insurance companies will simply add this to a policy regardless of whether or not the amount is sufficient for your needs. It is strongly recommended that motorists purchase more than the minimum coverage.
You can only buy Uninsured/Underinsured coverage up to the limits of your liability coverage. For example, if you choose liability limits of $300,000, then you can and should buy Uninsured/Underinsured Motorist coverage of $300,000. In the event you are seriously injured in an automobile accident caused by someone who has no coverage or who has less coverage than the coverage you purchased to protect yourself, then you can seek recourse under your own policy up to the limits of the Uninsured/Underinsured Motorist coverage you have chosen. On the other hand, if you only purchased a policy of $15,000/$30,000, then you cannot purchase higher Uninsured/Underinsured Motorist coverage limits. With the lower Uninsured/Underinsured Motorist coverage, it is likely that in the event you are seriously injured by a driver who is also minimally insured, you will never be fully compensated for your losses.
Think of what that could mean to you and your family. Is it worth saving a few dollars on your insurance policy to put you and your family at such great risk?
The premium cost for additional Uninsured/Underinsured Motorist coverage limits is less than the additional cost of increased liability limits. In the past, some insurance companies automatically wrote Uninsured/Underinsured Motorist coverage limits equal to the additional liability coverage you purchased, but that is no longer the case. If you do not select the higher Uninsured/Underinsured Motorist coverage limits, the insurance companies will sell you lower and often minimal limits, since the lower Uninsured/Underinsured Motorist coverage limits protects the insurance carrier from exposure rather than providing protection for you and your family.
Pursuing a claim under your own policy for uninsured/underinsured benefits does not result in a surcharge where you are not at fault for the accident. It is best to speak with one of attorneys if you have questions with your automobile insurance policy coverage or need help after an accident.
Let’s face it, with the cost of living rising each year, automobile insurance rates continue to increase as well. If you are looking to save money on your auto insurance policies, there are things you can do that will not affect your coverage.
With a proven track record of success, the personal injury team at Petro Cohen Petro Matarazzo has successfully handled thousands of automobile accident cases throughout New Jersey. We offer free consultations to our clients and you will not be obligated to pay any of our legal expenses unless we are able to make a recovery on your behalf.
The Personal Injury Department is led by Barry D. Cohen, who is also one of the founding partners. Barry is certified by the New Jersey Supreme Court as a Civil Trial Attorney (2001 to present), which is the highest specialty certification available to NJ civil trial attorneys. Along with fellow founding partner, Susan Petro, and team members, Richard W. Gaeckle and Michael Veneziani, the firm’s personal injury attorneys have successfully helped thousands of clients throughout southern New Jersey with their personal injury cases. Additionally, both Barry Cohen (12 years) and Richard Gaeckle (9 years) have been named to the NJ Super Lawyers® list in the practice area of personal injury. Richard Gaeckle also has a Superb rating on AVVO and an A/V rating with Martindale-Hubbell, both of which are the highest possible ratings by the respective organizations.
In addition to automobile, truck, and motorcycle accidents, our attorneys have dealt with a variety of serious personal injury claims. Whether your injury resulted from a slip and fall accident, dog bite, or a construction site accident, we can assist. Our firm has also successfully handled many claims against public entities, traumatic brain injuries, maritime personal injury and boating accident cases, premises liability claims, pedestrian injuries, and many other types of personal injury cases.
We know you have choices with your legal representation for your serious personal injury. Select Excellence! In litigation, you don’t get a second chance.
If you, a friend, or loved one were injured in a car accident, you may have legal recourse. The team of experienced personal injury attorneys at Petro Cohen Petro Matarazzo are here to assist. We will review your situation free of charge, and help you to determine if you have a viable case. With decades of combined experience, the attorneys at Petro Cohen Petro Matarazzo will handle your claim with the focus, dedication, and respect that you should expect from your legal counsel.
For your convenience, Petro Cohen Petro Matarazzo has four offices in Northfield, Cherry Hill, Hamilton, and Cape May Court House. You can contact any of our offices Monday through Friday from 8:30 AM until 5:30 PM to schedule a convenient appointment. In many cases when clients are unable to come to our offices, our attorneys will come to you to discuss your case. To get started and receive your free consultation, please call us today at (888) 675-7607 to consult with one of our team members or e-mail us at firstname.lastname@example.org and we will get back to you promptly.
You can also contact our personal injury attorneys directly. You can find Barry Cohen on Google+ or email him at email@example.com. Susan Petro can also be found on Google+ or reached at firstname.lastname@example.org. Rich Gaeckle can be reached at email@example.com and Mike Veneziani can be reached at firstname.lastname@example.org