If you have been injured in a car accident in Union City, NJ, you have probably heard about the no-fault policy the state follows. It is in your best interest to contact a Union City Personal Injury Attorney to know more about your legal rights. A skilled attorney can walk you through your insurance policy and determine the value of the damage you have endured. They will make sure you get the compensation you deserve.
Understanding No-Fault Insurance
Drivers in New Jersey are required to carry no-fault insurance or Personal protection insurance (PIP) with coverage that can be either basic or standard. No-fault insurance offers coverage to drivers and passengers who are involved in a car accident. Coverage is available regardless of who caused the accident. No-fault insurance pays out for damages as long as policy terms cover the accident. In this insurance system, claims for accidents are made through your own insurance company. The company should pay for damages related to an accident.
No-Fault Insurance Policy Coverage
No-fault car insurance can cover different expenses incurred because of an accident, regardless of whether or not the policyholder was at fault for the accident. Expenses that the insurance may cover include health insurance deductibles, lost wages, additional medical expenses above your health insurance policy limits, funeral expenses when the victim dies, and payment for services necessary because of your inability to perform them as a result of your injury.
A no-fault insurance system may not make it possible to file a claim against an at-fault driver for damages beyond what your insurance policy pays out. Sometimes, lawsuits can only be possible when there are significant injuries involved or medical bills above a certain amount.
No-fault insurance does not cover some things that other policies would. These include damage to your car because of the accident, vehicle theft, medical expenses above your policy limits, and damage to other people’s property because of the accident. Since this insurance doesn’t cover these accident-related expenses, you must make sure you have adequate coverage and the right kind of coverage.
Can You Retain the Right to Sue?
You may have more legal options after an accident if you carry a standard auto insurance policy. This policy can let you pick between a limited right to sue and an unlimited right to sue. By preserving your rights to sue after an accident, you will be entitled to pursue compensation from the at-fault driver beyond what your PIP insurance covers.