The Case for Car Insurance
It is time to change the way we think about car insurance. Car insurance, just like health insurance, is for your benefit in the event of something bad happening, like catastrophic injury or property damage, or sometimes, wrongful death.
Too often we think of car insurance as to protect others interest in the event you cause a car accident. Although, that is partly correct that car insurance should also be thought of as protecting your interests. You are protecting your interests in the event that someone else causes the car accident and the other person has flouted responsibility by not having any car insurance or the adequate amounts of car insurance to coverage damages.
The Car Accident Coverage You Need
It is important for drivers to protect themselves and their families because not all drivers on the road do what is required by law, whether in Phoenix Arizona or across the United States of America.
The Insurance Information Institute presents some interesting data that shows approximately 12% of Arizona drivers did not have any car insurance in 2015*. Additionally, their research shows that car insurance coverage requirements in Arizona are one of the five lowest in all of The United States*.
The coverages you want to protect yourself against other people are collision / uninsured (“UM”) / underinsured (“UIM”) coverage on your own car insurance policy.
Collision coverage helps reimburse you for damage to your vehicle in the event of an automobile accident. Collision coverage can be used whether you are responsible for the accident or if the other driver doesn’t have insurance – or the responsible party’s insurance is denying fault. Although, it is preferred to make the responsible party pay for vehicle damages, having collision coverage protects you in the event that you are at fault or the responsible party doesn’t have insurance.
Similarly, UM/UIM coverage on one’s own car insurance policy can protect a victim's financial responsibility in the event that the responsible person of an accident does not have any insurance or enough insurance to cover the losses of the victim.
Suppose you are in the collision caused by another person and that person does not have car insurance and you go to the hospital. You will be responsible for your hospital expenses regardless of whether the responsible party has insurance or not. If you have UM coverage you will be able to protect yourself from the financial responsibilities through your own car insurance.
Now suppose you are in an automobile accident caused by an individual that does have insurance, however, the individual only has the state minimums for coverage. Further, suppose you go to the hospital and the responsible parties insurance policy doesn't cover all of your medical expenses. You are then responsible for any outstanding expenses. However, if you have UIM coverage you would be able to use your own car insurance to cover the difference between what the responsible party's insurance pays and what is still outstanding.
Find Competent Car Accident And Personal Injury Council
As you can see it is important for you to protect yourself from others on the road. Many times these insurance coverages are much less than the liability coverage required by law in the state of Arizona.
It is not uncommon for insurance companies to not inform you of these available coverages as well. In Arizona, an insurance company must have you either sign or initial that you waiving UM/UIM coverage.
Because of these shady practices, the personal injury law firm of Curiel & Runion has produced an indispensable guide to tactics that insurance companies can use to trick you out of specific damages that may apply on your claim or deny you coverage.
It is imperative that you do not deal with the insurance companies until you have consulted a qualified and competent personal injury attorney. Because we car accident and other personal injury cases on a contingency fee basis, you’ll never make a payment until we’ve won money for you. If we don’t win, you pay nothing.
Again, it is time to change the way we think of car insurance. Car insurance is there to protect you just as much as it’s there to protect all other drivers on the road. If you have any further questions or desire more information about these coverages please do not hesitate to inquire for a free review of your case or call us at 602-786-7615.