What if the person that causes me injuries has insurance liability limits which are far below the value of my injuries (pain & suffering)?
Its estimated that at any given time approximately 25% of the drivers in New Jersey have the minimum policy limits as required by law, which is $15,000/$30,000 insurance coverage. If you are involved in an accident with such a vehicle, the maximum amount you can receive for your bodily injuries is $15,000. If your injuries are worth more than that, you can make a claim against your insurance company to recover the balance of what your injuries are worth. This type of claim is made under the Underinsured Motorist Insurance or UIM provision of your car insurance policy. Just like almost every automobile insurance policy in New Jersey is required to have UM coverage, virtually every automobile insurance policy in New Jersey is also required to have Underinsured Motorist or UIM insurance coverage. And just like the UM coverage, if you dont have insurance and therefore you dont have UIM insurance coverage you could possibly make an UIM claim against an immediate family members insurance pol
Related Questions
- What if I have no insurance, I dont reside with an immediate family member that has insurance and the person that causes me injuries is either uninsured or leaves the scene of the accident? Can I still make a claim?
- What if I dont have car insurance and the person that causes the accident either doesnt have insurance or leaves the scene of the accident and doesnt get caught?
- Are there insured values or limits of liability to evaluate under a P&I insurance?
