Auto Insurance can be complicated and more often than not it is difficult to decipher exactly what a policy covers and which plans offer true protection in case of an accident. The personal injury attorneys at Flesch & Beck Law have seen first hand the benefits of proper coverage and conversely, the damages of incomplete insurance coverage.
Here are insurance coverage tips from Denver personal injury lawyers, the reputable attorneys at Flesch & Beck Law. Outlined below are the three most important things that should be included in an auto insurance policy. In case of an emergency, the reach of insurance coverage is monumental and it can be the difference between peace of mind or a stressful accident aftermath that can entail endless expenses.
As a policy holder, it is important to check with the insurance agent, even after the policy is in place, to ensure that coverage includes the below articles in case of the unfortunate instance of an auto accident.
As in most auto-accidents, there are often two parties involved which can entangle the financial costs if the other party is uninsured or improperly insured.
Fortunately, insurance does account for instances such as these. It is imperative that auto insurance coverages include the three following items: Med-pay, underinsured motorists, and uninsured coverages.
Med-pay. Typically the charge for this coverage is small compared to the benefit you can receive if you are ever in an accident. If you are injured and an insured under the med pay policy, then you are entitled to this benefit regardless of fault. The attorneys at Flesch & Beck Law encourage individuals to ask their agent about adding this coverage to their policy today.
Underinsured/Uninsured Motorist. This is setup to cover the difference between the at fault driver’s maximum pay-out and the actual cost of medical bills. For example, if an individual is in an accident and their medical bills are $30,000, but the other driver is only insured up to $10,000, then underinsured motorist coverage will cover the difference.
Underinsured/Uninsured Motorist Property Damages. Like Underinsured/uninsured motorist coverage, this will cover the cost of any property damages that are not covered by the at fault driver.