Types of Car Insurance
Automobile insurance can be expensive to purchase for your family. But in this world where anything could happen when you’re driving, be it your fault or not, insurance is a necessity. However, sometimes it can be confusing to know what types of insurance are out there and how much coverage you and your family will need. What is personal property liability? Do you need comprehensive coverage and personal injury protection insurance? In addition, insurance requirements can differ drastically among states.
The attorneys of Levinson Axelrod, P.A. represent clients who have been seriously injured in automobile accidents in New Jersey. We have decades of experience and success in achieving fair compensation for auto accident victims. If you or a loved one has been injured in a car accident, contact the New Jersey auto accident lawyers of Levinson Axelrod today at 1-800-346-5529 to get the strong legal support you need.
Understanding the Differences
These types of insurance may be optional in some states and will result in a costlier insurance premium. Most insurance that is optional is put in place as a safeguard for another, potentially uninsured party:
- Collision coverage: Collision coverage pays for all the repairs and costs associated with an automobile accident that involves another vehicle or object, even if the insurance holder is at fault.
- Comprehensive Insurance: A more comprehensive form of coverage. This type of insurance will protect the holder if the car has been stolen, struck by natural causes, or damaged illegally.
- Bodily injury and personal property insurance: A necessity in every U.S. State.
- Personal injury protection: Insurance policy that, in case of a car accident, pays for medical expenses associated with said car accident. It will cover the insurance holder, passengers, and pedestrians. PIP is required in Michigan, Massachusetts, Maryland, North Dakota, Oregon, Utah, New Jersey, New York, Minnesota, Florida, Hawaii, Kansas, Kentucky, Delaware, and Colorado. PIP is a good thing to consider since it will cover most medical bills, lost wages, and other expenses even if you were at fault in the accident.
Contact Us
If you have been injured in an auto accident in New Jersey, the lawyers of Levinson Axelrod can help protect your rights and assist you in recovering compensation. Contact us today at 1-800-346-5529 to schedule your free initial consultation.
