Each state requires a certain amount of insurance for vehicles. Under New York law, you must have, at a minimum, coverage of $10,000 for property damage, $25,000 for bodily injury, and $50,000 for death for one person, and $50,000 for bodily injury and $100,000 for death for multiple people involved in an accident. New York, like many other states, also requires uninsured motorist coverage, with a minimum of $25,000 per person and $50,000 per accident. How does this coverage work?
While the law requires auto insurance, not every motorist has it. Insurance can be expensive and many choose to go without it. Therefore, when they become involved in a car crash, they may flee the accident scene to avoid legal trouble.
This can be frustrating to an injured driver who has auto insurance. However, by purchasing uninsured motorist coverage, you can protect yourself should this happen to you.
Uninsured motorist coverage gives you peace of mind in the event that you are involved in a crash with someone who has little or no insurance. This happens more than you may think, considering that one in 8 drivers does not have insurance. With this coverage, your insurance company will pay for damages caused by a driver who has no insurance, has insufficient coverage, or flees the accident scene (hit and run crash).
Types of Uninsured Motorist Coverage
There are two types of insurance coverage to protect you from uninsured motorists. Bodily injury coverage protects you and your passengers. It pays for medical expenses, lost wages and funeral expenses should you or a passenger die in an accident. It also covers you if you are injured in a pedestrian accident.
Property damage coverage pays for damage to your car, home or other belongings caused by an uninsured motorist.
Why Should I Get Uninsured Motorist Coverage?
Uninsured motorist coverage is required in New York, but in most states, it is optional. If you decide to move to a state where you are not required to purchase this insurance, you should anyway. Should you become involved in an accident, and the other driver is not insured, you could be on the hook for all your damages. Depending on the severity of your injuries, this could mean hundreds of thousands of dollars. If you have uninsured motorist coverage, though, your insurer will foot the bills.
It also covers you when you are not in your vehicle. If you are injured by an uninsured driver while walking or riding your bike, the insurance will kick in.
Uninsured motorist insurance is not costly. In fact, you can add it to your current policy for under $10 a month.
Get Hurt? Get Gary!
Many drivers do not have auto insurance, even though it is the law. Protect yourself with uninsured motorist coverage.
If you have been involved in a Long Island car accident, the Falkowitz Law Firm can help uncover all the possible forms of insurance coverage available. We can help you obtain a fair settlement regardless of your situation. Schedule a free consultation by calling 844-GET-GARY.
Gary P. Falkowitz is the Managing Partner and Founding Attorney of the Falkowitz Law Firm PLLC‚ one of the premiere personal injury law firms in New York. Gary received his J.D., in 2005 from St. John’s University School of Law and served as an Assistant District Attorney with the Kings County District Attorney’s Office.