New York Auto Accident Lawyer Warns Motorists Not To Be Penny Wise And Pound Foolish When It Comes To Uninsured And Underinsured Motorist Coverage

New York Auto Accident Lawyer Warns Motorists Not To Be Penny Wise And Pound Foolish When It Comes To Uninsured And Underinsured Motorist Coverage

New York auto accident lawyer Michael S. Levine issued a tenacious warning today to all motorists in the State of New York to check their insurance policies to be categorical they have adequate uninsured and supplemental underinsured coverage in the tide of a serious injury caused by an uninsured, underinsured, or hit - and - run driver.
“One of the hardest things in my profession, ” Levine oral, “is to have to divulge a client that the person who caused their accident either has no insurance, or only has the $25, 000 minimum liability coverage required by law in New York State.
“If the driver, ” Levine great, “or the passengers, sustain catastrophic injuries as a payoff of an accident with an underinsured vehicle, $25, 000 may not flat scratch the surface in terms of adequately compensating the victim for his, or her, pain and suffering. ”
A bill uncertain in the New York State Assembly ( SO4705 ) would require motor vehicle insurance providers to feed their insureds with uninsured and underinsured motorist coverage that is equal to the amount of the insured’s liability coverage. Conclusively, an insured may have adequate liability coverage, only to find out, after an accident with either an uninsured or underinsured motorist, that he or teenybopper has inadequate uninsured or underinsured coverage to fairly recoup the driver for his or her injuries.
“If this bill passes it will help lift the shroud of secret surrounding this important issue, ” Levine uttered. “But more would still need to be done by the carriers themselves to help make every motorist in the state aware of the benefits of adequate uninsured and underinsured motorist coverage.
Levine explained that insurance companies, which are required by law to lend their insured’s with at smallest $25, 000 of uninsured or underinsured motorist coverage, make a little profit on these supplemental programs, so adept is stunted, or no, business goad to push the coverage on their policyholders.
“Any driver, ” Levine spoken, “who doesn’t have at primitive $100, 000 worth of uninsured / underinsured motorist coverage, if not more, is being penny wise and pound foolish. They need to know that these coverages are a insufficient extra assessment in any automobile policy. ”
A verdurous consult by the Insurance Research Council estimates that 14 % of drivers nationwide, and 7 % of drivers in New York State, are uninsured.
As commensurate, Levine warns that motorists should never domiciliate themselves, or their families, in a attitude where if serious injuries are lanky in a motor vehicle accident, all they can recover is $25, 000.
“Most drivers, ” he verbal, “assume wrongly that every driver on the road is sufficiently covert by automobile insurance. That is not unbroken stuffy to being the case. Unfortunately, most people dig that they didn’t buy enough UM / Sum coverage when it’s too overdue, after they’ve been seriously injured in an accident by a driver who is either uninsured, or has only minimum insurance. ”
To further illustrate his point, Levine pointed to a case he stubborn recently involving a 16 - allotment - mature boy who was working module go at a Jiffy Lube on Long Island.
“My client was struck by a driver who was pulling his car into a bay to have it serviced, ” Levine uttered. “The boy gangling very serious injuries to his leg and needed invasive surgery. The car that struck him only had a $25, 000 policy. My client’s parent’s car only had $25, 000 in Amount coverage. Akin after surgery, his leg injury could cause him problems for the rest of his life. But since his parents didn’t have enough underinsured coverage, my client was only able to make $25, 000 for his injuries, which is a completely inadequate outcome. I observe these regrettable situations repeat themselves month and again. ”