Purchasing auto insurance is just as crucial as having a personal injury lawyer, but how much coverage do you need? Your auto insurance policy will include coverage for specific liabilities. Each state sets the minimum auto coverage you need to protect yourself and other road users. However, everyone has unique needs, so it is vital to calculate the total insurance coverage you require.
Here’s a Look at the Main Types of Content Included in Standard Policies and How Much You Should Buy:
Liability Coverage for Bodily Injuries
In the event of injuring someone with your car, this protects your assets. The more support you have, the larger you stand to lose, so it is crucial to purchase enough coverage to pay for all bodily injuries. Most states set the minimum coverage at $100,000, and the recommended range is $100,000/$300,000. Some allow you to purchase up to $500,000. Your car accident lawyer may also recommend Personal Excess Liability or Personal Umbrella coverage if you have more assets. They offer more money to cover the damages.
Liability Coverage for Property Damage
This insurance coverage pays for the damages you make to another car or property, such as a signpost, driveway, tree, building, etc. Most cars cost above $50,000, so you can end up paying for costly repair or even replacement if the vehicle becomes damaged beyond repair. You can use Personal Umbrella coverage to pay for the extra damages to property. However, insurers offer this coverage to clients that carry more than the minimum.
While not always required by state laws, collision coverage is essential as it pays for damages to your car. It would help if you also thought about the deductible you can take from your insurance, ranging from $250 to $1000. Collision coverage suits owners of new cars. However, if your vehicle is worth $1000 and the deductible is $500, collision insurance doesn’t seem like an appealing deal. Your car accident lawyer should help you determine whether the coverage is necessary for the car you have.
You may need other coverage types, including medical expenses coverage up to $2,000, uninsured/underinsured motorist coverage, and personal injury protection (PIP, No-Fault). If you are part of a car accident in Utah, Robert J. Debry & Associates can help you find an experienced, trusted personal injury lawyer to represent you and bargain compensations in your favor.