In New Jersey It's Illegal Tom Brady Jersey
to Drive Without a Basic Auto Insurance Policy
By Randolph S. Hess
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If you operate a motor vehicle in New Jersey it is mandatory that you have at least the Basic Insurance Policy. It is a crime to drive a vehicle that is uninsured. Since New Jersey passed the Automobile Insurance Cost Reduction Act the penalties for driving uninsured are much more severe. You risk economic loss as well as fines, the suspension of your driver license, as well as facing jail time. Your car could be impounded and your registration revoked. The law in New Jersey has mandated that the Basic Policy be available to all drivers.
The Basic Policy should only be considered if you have few or no financial assets and no family responsibilities. It can provide the basic, minimum protection plan for a younger driver, who may not be able to afford a more comprehensive policy.
The difference between Basic and Standard Coverage are as follows:
Bodily injury Protection covers you against claims and lawsuits brought by people as a result of an accident where you are found at fault. Without it you may be responsible for paying for pain, suffering and other Eli Manning Jersey
personal hardships and some economic damages, such as lost wages if you are found to be at fault. Without it your insurance will not pay for a lawyer to represent Brent Celek Jersey
you if sued. Your assets will be at risk, which can mean that a portion of your wages can be seized for any judgments that are filed against you. Bodily injury Protection is not required but is available with Basic Coverage as an option with $10,000 per person per accident.
Property Damage Liability covers you from claims and lawsuits by people whose property is damaged as a result of an accident you cause. It is required with Basic Coverage the minimum is set at $5,000 per accident.
Personal Injury Protection (PIP) covers your injuries and the injuries of other riding in the vehicle with you. This Stewart Bradley Jersey
is a state requirement and is included in both the Basic Policy and the Standard Policy. PIP pays for the injuries in both the at fault vehicle as well as the vehicle not at fault and is required in no-faults states such as New Jersey.
When an accident occurs with an uninsured or underinsured motorist who causes physical harm to you or your passengers your PIP coverage goes into effect and will provide coverage for you and your passengers up to the limits of your policy.
It should be noted however the state of New Jersey has adopted a Choice No-Fault system. What this means is, drivers have the option to reject a No-Fault system and use the Tort System. Under the Tort System, drivers retain the right to sue for any and all auto related injuries.
PIP is included in Basic Coverage at $15,000 per person and as high as $250,000 for certain injuries. Such as injuries that cause permanent or significant brain injury, disfigurement, spinal cord injury or injuries requiring critical trauma care.
Uninsured Motorist Coverage covers you for property damage or bodily injury if you are involved with an Brandon Jacobs Jersey
uninsured or underinsured driver when they are at fault. If you lack uninsured motorist coverage you cannot sue your insurance carrier for someone who hits you and is not insured. It provides an additional layer of protection above your Personal Injury Protection. It is not included in Basic Coverage.
Collision covers damages to your vehicle as a result of a collision with another car or object. It is not included with Basic Coverage.
Comprehensive covers your vehicle from damage or loss not pertaining to an accident. This can include an act of nature, fire, theft, flood or vandalism. It will also cover you in the event that you collide with an animal. It is not included with Basic Coverage
If you are purchasing New Jersey Auto Insurance, you should carefully consider you options. Since New Jersey is a Choice No-Fault state being underinsured in New Jersey can expose you too financial risks as well as risks to family members or passengers riding in your vehicle. It is always recommended to purchase more than the states minimum coverages