Auto Insurance Protects Loved Ones: What You Need to Know
Preparation matters when accidents happen. Most drivers focus on liability coverage, but at MidHudson Injury Law we urge you to prioritize understanding how auto insurance protects your loved ones. By securing the right coverage, you protect yourself and the people you care about most – and who are most likely to be passengers or drivers of your vehicles.
Strengthen Your Protection with No-Fault Benefits
Every New York auto insurance policy includes basic no-fault benefits, which cover medical bills, lost wages, and out-of-pocket expenses regardless of whether or not the accident was your fault. These benefits are available to both drivers and passengers of your vehicles. Boosting your policy with additional coverage, by adding Optional Basic Economic Loss (OBEL) and Additional Personal Injury Protection (APIP), ensures you have the resources to cover the expenses associated with serious accidents. By expanding these benefits, you guarantee that your auto insurance policy protects your loved ones in challenging situations. Speak with your broker or agent to make certain you have the coverage you need before you need it. You cannot retroactively increase your coverage for an accident that has already occurred. You need the coverage you want in place before it happens.
Rely on Uninsured and Underinsured Motorist Coverage
Uninsured and underinsured motorist coverage available through your automobile insurance policy steps in when another driver lacks sufficient liability coverage to compensate you or has no insurance at all. These coverages protect you from financial strain caused by hit-and-run accidents or drivers with limited or no insurance coverage.. By enhancing your policy, you make sure auto insurance protects your loved ones even when others fall short. Again, you need the coverage level you want in place before an accident occurs.
Enhance Your Coverage with an Umbrella Policy
For those seeking even greater protection, an umbrella policy provides an additional layer of security beyond your auto and homeowners insurance. Umbrella policies cover costs that exceed the limits of your underlying insurance policies.
Here’s how it works with auto insurance:
- Extends Liability Protection: If you cause an accident and the damages exceed your auto liability coverage, your umbrella policy kicks in to cover the additional liabilities.
- Covers Additional Scenarios: Umbrella policies often cover situations not included in your standard auto policy, such as claims for slander or defamation.
- Provides Peace of Mind: With limits starting at $1 million, an umbrella policy ensures financial protection against catastrophic losses, safeguarding both your assets and your family’s future.
By adding an umbrella policy to your coverage, you create an extra layer of protection.
Take Action to Protect Your Loved Ones
Review your auto insurance policy today and secure the coverage you need. Acting now ensures you protect your loved ones when it matters most. If you need help understanding your coverage or want expert legal advice, reach out to MidHudson Injury Law.