You Focus On Your Physical Recovery, and We'll Handle Your Financial Recovery
  1. Home
  2.  » 
  3. Uninsured Motorist Claims
  4.  » How much uninsured motorist coverage should a driver have?

How much uninsured motorist coverage should a driver have?

On Behalf of | Feb 24, 2023 | Uninsured Motorist Claims

After a car crash, people have to cover expensive vehicle repair invoices and pay for medical treatment. Lost wages are also a concern, especially if someone suffers a significant injury. Drivers in New York have several different layers of protection from the cost generated in a collision. 

They have their own no-fault personal injury protection (PIP) coverage for medical expenses and lost wages, as well as the other driver’s liability coverage. When a driver who causes a crash doesn’t have insurance, the people affected might turn to their own uninsured motorist coverage

How much uninsured motorist protection is necessary for the financial stability of a New York driver? 

Coverage needs depend on someone’s lifestyle

It is common practice for those purchasing or renewing an insurance policy in New York to carry the same amount in uninsured and underinsured motorist protection as they have in liability coverage. That way, they could effectively receive the same standard of financial support that they would provide to others if they were at fault for a crash. 

The mandatory insurance required in New York is quite low, and many people will carry far more coverage for both liability and protection against those with poor insurance or no coverage at all. The household budget and average monthly income of a driver can play a major role in the appropriate amount of uninsured motorist protection to carry. Many people invest in at least $100,000 worth of coverage, if not more, to help them support themselves or their family members after a crash. 

Adding coverage to a policy and reviewing what protection a driver already has can help ensure they will have proper support after a New York car crash caused by a driver without insurance.

Archives

Pin It on Pinterest