Having insurance helps to put you at ease in the event of an accident or disaster. For example, if your house burns, you can rest assured your homeowner’s policy will help with the cost of replacement or repair. Of course the specifics depend on the language contained in your policy, but typically there are certain events of loss that a policy will cover. If something happens that is included in the provisions of your policy, the insurance provider will cover the loss once a claim is made. Just like most things, there are choices when it comes to picking insurance. You have the choice of which company to use, and you also have choices about what coverage to obtain. For autos, insurance companies offer policies that cover a variety of losses and types of accidents.
The different types of insurance required for cars in Minnesota include:
- No fault insurance: this type of insurance pays for medical expenses and lost wages resulting from an accident and does so just as the name implies – regardless of who is at fault for the accident. This means that even if you are found to be even partially at fault for an accident, your own no fault coverage will apply.
- Liability insurance: unlike no fault coverage, this part of your policy pays for medical care and other expenses associated with the accident if you are found to be the liable party. The payments are not for your benefit though, they are made on behalf of any party injured in the wreck. If you are not at fault, you will want to make a claim against the negligent driver’s liability policy for reimbursement of your expenses and costs.
- Uninsured or underinsured insurance: this type of coverage will pay for your expenses if the other party to the accident lacks insurance.
One thing that varies is the amount of coverage for each of these key components. There is a minimum that is required, and many people purchase above that amount. This is beneficial if you are involved in a catastrophic accident and require extensive care. We know sorting through the paperwork can be confusing, and negotiating with an insurance company is no fun. Let us take these burdens off your shoulders, by allowing us to assist with your personal injury claim.
If you have been in an accident and have questions about insurance, call our office to find out what to do next and what to expect. Let an experienced attorney help you figure what is best for you. Call a Bloomington, Minnesota personal injury attorney today.