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What You Need to Know About Your Auto Insurance

Posted by Todd Hendrickson in Medical Malpractice

In twenty years of practicing law, I’ve learned that most people do not understand their auto insurance coverage. This short article is an attempt to clarify some basic auto insurance issues.There are two types of auto insurance coverage that are mandated by Missouri law: Liability and Uninsured Motorist. Liability insurance is to protect any person who you may injure or who’s property you may damage from your negligence. Uninsured Motorist coverage is to protect you in the event that someone without insurance injures you or damages your property. Between the two mandated coverages, the victim of negligence will likely be covered by some form of insurance.The other common form of auto insurance is commonly referred to as “full coverage.” Full coverage is simply shorthand for having insurance coverage for damage to your vehicle, regardless of who is at fault. Even if you, the insured, cause an accident, with full coverage your vehicle damage will be repaired.Less common forms of insurance coverage are probably the least expensive and most beneficial to you in the event you are injured in an accident. Medical Payments or Med Pay coverage is, in effect, a health insurance plan for any passenger or driver of your vehicle injured in an accident. Usually sold in smaller limits, from $1000 to $10,000, it is usually only a few dollars per six month policy. This protects you and your passengers and is in addition to any health insurance you may have.Underinsured Motorist coverage protects you and your passengers in the situation in which you are injured by a driver who has insurance, but at the minimum or lower amounts. For example, if you are injured by a driver with the minimum $25,000 coverage, and you have Underinsured Motorist Coverage, you can collect for injuries that exceed the $25,000 minimum. Like Med Pay, the cost is low for the coverage. To protect you and your passengers, your Med Pay, Uninsured Motorist, and Underinsured Motorist coverages should be as high as you can afford.If you have been in a motor vehicle accident, call our office for a free consultation.

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