Recovering Compensation from Underinsured Drivers in New Jersey Car Accidents
Car and truck accidents can change your life in an instant. In one moment, you may have been on your way to work or headed home from a night out, but in the next, you find yourself saddled with life-long injuries and thousands—even millions—of dollars in losses and expenses.
You may be relieved to discover that the person who caused your injuries in an accident wasn’t an uninsured driver. However, even if the driver responsible for your injuries carries the legally-mandated amount of car insurance, their coverage may still fall woefully short of covering the losses you suffer in a serious accident. Attorney Andrew R. Jacobs helps New Jersey car accident victims recover the maximum compensation available to meet their needs.
Too many drivers have either no or minimal insurance coverage
Motor vehicle accidents cost the US billions of dollars each year in medical expenses, property losses, and lost productivity. The costs can be staggering on an individual level, as well. According to one estimate, the average total costs of a serious but non-fatal traffic accident reach $70,200. Even a minor crash that causes only property damage will cost $8,900 on average.
You might assume that every driver carries car insurance, and that if you’re involved in a crash, your expenses will be fully paid by the other driver’s coverage. However, the minimum amount of coverage that drivers are required to carry under New Jersey law is $5,000 for property damage and $15,000 for personal injuries, and drivers are under no obligation to carry bodily injury liability coverage, which would provide compensation to victims of accidents that the driver caused. For accident victims who require long-term rehabilitation or who need to take months off work to fully recover, this amount will only be a drop in the bucket.
Underinsured Motorist Coverage can help
Rather than trust that the at-fault driver will carry an appropriate amount of car insurance coverage, drivers should include a substantial amount of Underinsured Motorist (UIM) coverage on their New Jersey car insurance policy. Drivers can carry at least $500,000 in personal injury protection coverage through their UIM coverage, which can go a long way in helping injured drivers get the help they need after an accident.
That said, even where a policy might technically cover a driver’s expenses, insurance carriers will try to pay as little as possible in claims. Without a skilled and experienced legal advocate on your side, you might end up walking away with less than you deserve from a settlement with your insurer. Get support from a dedicated and experienced negotiator by contacting the New Jersey personal injury lawyer Andrew R. Jacobs.
Dedicated Legal Representation from an Experienced New Jersey Auto Accident Attorney
For assistance in seeking money damages and medical care after your New Jersey car accident, contact the offices of Andrew R. Jacobs for a no-cost consultation, at 973-532-9681.