Insurance can be complicated, as hundreds of different types exist with varied coverages, limits, and situations where an insurance policy might be applicable but others might not. In addition to these, there is insurance that might compensate you for the damage to your property which will not cover your injuries incurred in the accident and vice versa. This is why people get confused with various types of insurance. That is why, in this article, you are going to find the types of insurance that will pay for your injuries that occurred in a car accident. So, keep reading this article if you want to find out How to Know Which Insurance Pays for Your Injuries after a Car Accident.
Types of Insurance that pays for your Car Accident Injuries
When it comes to insurance that pays for the injuries that you sustained in a car accident, there are mainly three types of coverage you might find. This coverage is optional in various states. However, these will efficiently pay for medical expenses. Some of this insurance also covers your loss of wages, in case you have sustained severe injuries.
Personal Injury Protection (PIP)
It is a Coverage that most states made mandatory for the driver. It covers the medical expenses along with your loss of income. However, the downside of this coverage is that it is not that significant. Meaning you won’t be getting fully compensated for the damages you have got in the car accidents. It will only pay a fraction of what your medical expenses are and your loss of income which can be difficult for individuals with serious injuries.
Bodily Injury Liability (BIL)
It is liability insurance, where you must pay the driver in case an accident occurs due to your carelessness. Likewise, the other driver will pay for your damages if the fault has been his. It covers all the medical expenses for the injuries you or the driver sustained during the accident. Aside from it, BI insurance doesn’t cover loss of income and property damages.
Uninsured or Underinsured Motorist (UM)
This coverage covers your medical expenses and loss of income if the other driver doesn’t have insurance or insurance but isn’t sufficient to bear your expenses, in that case; UM will pay for all your medical expenses and your loss of income. It is optional coverage for most states.
The coverages, as mentioned earlier, apply only if you have sustained damages in a car accident. To learn more about these insurance policies, you can consult with your insurer.
Best Car Accident Lawyers in the Bronx
Car accidents are most common in the Bronx. And it has left many people in financial crises for expensive medical expenses and loss of income. This is why it is recommended that you should have the legal contact credentials of one of the best law firms that can provide you with highly experienced lawyers and attorneys. By making yourself acquainted with a reputed law firm, you will have only the best lawyer and attorney who will aid you in these situations. So, if you or someone you know had an accident, contact Bronx Car Accident attorneys for a suitable settlement. Being the best Bronx Car Accident attorneys, we will fight to the fullest extent to provide you with what you deserve.