Are You Covered?

AutoCoverage Photo.jpgBy: Randolph C. Lafferty and Lindsay Byrne

Do you have sufficient insurance coverage in the event of a motor vehicle accident?

One of the most important points of safe driving is that drivers must drive “defensively”, not only taking every precaution to operate your own vehicle safely, but also being watchful for the careless and inattentive driver sharing the same roadway. By driving defensively, you can anticipate another driver’s poor driving conduct. In other words, a careful driver can operate her motor vehicle more safely by anticipating another motorist’s poor decision making.

The same situation exists with respect to automobile insurance coverage. The driving public can protect themselves on the roadway from another driver’s failure to properly insure his own vehicle. By insuring yourself “defensively” you can anticipate and avoid problems that arise when other drivers have chosen inadequate insurance coverage and become involved in accidents, potentially with you.

It is now legally permissible for an owner of a motor vehicle principally garaged within the State of New Jersey to have a valid and legal insurance policy as required by New Jersey law, yet have absolutely no liability coverage for personal injuries caused to another innocent motorist (perhaps you or your family) who has had the misfortune of being injured, at times catastrophically, by their negligent and/or reckless driving. This type of policy is known as a “basic” policy, as opposed to a “standard” policy, and is almost like not having insurance at all!

The moral of the story is that you need to purchase adequate insurance to protect yourself from claims by others and you also need to be defensive and protect yourself or your family in case you are harmed by an uninsured or underinsured driver. It is extremely important for every motor vehicle owner and registrant in the State of New Jersey to protect themselves by purchasing adequate coverage. This can be done by purchasing increased, yet affordable, endorsements for liability and Uninsured/Underinsured Motorist coverage.

“Basic” policies are dangerous for several reasons. You should review your policy to be sure that it contains adequate liability coverage for both property damage and bodily injury in the event that you are determined to be at fault for an accident. Your home and savings are too important to you and your family! You must also ensure that you have sufficient coverage in your Uninsured/Underinsured Motorist coverage endorsement to protect you and your family from others.

We in the Personal Injury Practice Group are more than willing to answer your questions related to this or other insurance issues. Just call us or stop by and see us!

Randolph C. Lafferty, Esq. & Lindsay Byrne, Esq.

Date Published: February 7, 2017

Written by: Cooper Levenson, P.A.

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