Brown Law Firm FAQ Series
In the State of New Jersey, it is mandatory to carry insurance if you have a vehicle on the road. However, this does not stop some individuals from driving uninsured. Unfortunately, some of these uninsured drivers end up causing accidents and hurting others. Many clients believe that they cannot recover for pain and suffering if they are injured by an uninsured driver. This is not always true. Let’s take a look at your car insurance policy and see if you are protecting yourself from uninsured drivers on the roadway.
How Can I Protect Myself from Uninsured Drivers?
Take a look at your car insurance policy and find the section for “Uninsured Motorists” or “UM” coverage. This section is essentially what can be your saving grace when someone hits the road without coverage and causes a crash. You should see two numbers in that section, such as 250/500, 100/300, 50/100, 25/50, or 15/30.
The first number is the amount of coverage offered, if you, alone, are injured. So if you have UM policy limits of 250/500, you would have up to $250,000 available to compensate you for pain and suffering. The second number is the maximum amount that will be paid out per accident. For example, if multiple people are injured, the most that will be paid out in total amongst the injured parties is $500,000.
Do I Have Enough UM Coverage?
The UM numbers come into play when a person is uninsured and caused a car accident, or maybe someone caused an accident and sped off and no one knows who it was that caused the accident. If, for example, your UM section says 15/30, you know that you are not protected well. In this scenario, you would only be able to recover up to $15,000 or $30,000 per accident, if multiple people are injured.
Please take the time to review your policy.
I hope this short lesson was helpful. Check back with our page to see the discussion on what happens when a person causes an accident, who is insured, but only has a small policy of insurance available.