All drivers need to have insurance coverage. However, there are different types of insurance coverage you should know about, especially when others may not have insurance to cover your losses after a severe crash. Below, we’ll explain the different types of coverage you may have and how they impact your claims.
Liability Coverage
Liability coverage helps you in the event you are at-fault for a car accident. You have bodily injury and property damage liability, and it’s a requirement to have the minimum limits in Louisiana. For bodily injury liability, the minimum coverage is $15,000 per person and $30,000 for the entire accident. For property damage liability, the minimum coverage is $25,000 for the accident.
Collision Coverage
If you have collision coverage, you can file a claim with your insurance to pay for damages to your vehicle regardless of fault. There will always be a deductible associated with your collision coverage. The deductible is an amount that your damages must reach before insurance companies provide payment.
Uninsured Motorist Coverage
Uninsured and underinsured motorist coverage kicks in when the other driver doesn’t have insurance, or your damages exceed their coverage limits. This type of coverage is often overlooked by drivers; however, it is one of the most beneficial to have. If the other driver does not have insurance and you do not carry uninsured motorist coverage, you could be left with little to no compensation.
Other Claims
Other claims you may file for compensation, especially in terms of property damage, include loss of use, rental, diminished value, and gap claims. Make sure you recognize what your policy says and ensure you are protected in the event you encounter a car accident. Even minor injuries are compensable, and it helps to speak with a legal professional about your options.
At Womac Law Firm, we work hard for you. It’s our goal to provide you with peace of mind during a difficult time. Our New Orleans car accident lawyers stand in your corner, working to help you understand your rights and pursuing the most favorable outcome on your behalf.
Call us today at (504) 470-3935.
