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 energetic warning today to all motorists in the State of New York to check their insurance policies to be affirmative they have adequate uninsured and supplemental underinsured coverage in the situation of a serious injury caused by an uninsured, underinsured, or hit - and - run driver.
“One of the hardest things in my profession, ” Levine uttered, “is to have to impart 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 rangy, “or the passengers, sustain catastrophic injuries as a outcropping of an accident with an underinsured vehicle, $25, 000 may not uninterrupted scratch the surface in terms of adequately compensating the victim for his, or her, pain and suffering. ”
A bill unresolved in the New York State Assembly ( SO4705 ) would require motor vehicle insurance providers to maintain their insureds with uninsured and underinsured motorist coverage that is equal to the amount of the insured’s liability coverage. Sequentially, an insured may have adequate liability coverage, only to find out, after an accident with either an uninsured or underinsured motorist, that he or tomato has inadequate uninsured or underinsured coverage to fairly repossess the driver for his or her injuries.
“If this bill passes it will help lift the shroud of secret surrounding this important issue, ” Levine verbal. “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 feather their insured’s with at primordial $25, 000 of uninsured or underinsured motorist coverage, make a inadequate profit on these supplemental programs, so able is teeny, or no, business lust to push the coverage on their policyholders.
“Any driver, ” Levine uttered, “who doesn’t have at antecedent $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 larger charge in any automobile policy. ”
A supple envisage by the Insurance Research Council estimates that 14 % of drivers nationwide, and 7 % of drivers in New York State, are uninsured.
As homologous, Levine warns that motorists should never plant themselves, or their families, in a slant where if serious injuries are extensive 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 unknown by automobile insurance. That is not constant sultry to being the case. Unfortunately, most people visualize that they didn’t buy enough UM / Quantity coverage when it’s too tardy, after they’ve been seriously injured in an accident by a driver who is either uninsured, or has only minimum insurance. ”
To further instance his point, Levine pointed to a case he brick wall recently involving a 16 - moment - mature boy who was working section spell 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 stringy 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 Quota coverage. Constant after surgery, his leg injury could cause him problems for the rest of his life. But through his parents didn’t have enough underinsured coverage, my client was only able to win $25, 000 for his injuries, which is a completely inadequate outcome. I observe these regrettable situations repeat themselves clock and again. ”