Being involved in a car accident can carry any number of repercussions for you. In addition to the possibility of permanent injuries, you can also be forced to pay staggering medical bills. Luckily, there is a type of insurance that is designed to protect you against exactly these repercussions. However, if you have never heard of personal injury protection policies, there is a strong chance that you likely want to know a couple of answers before deciding to purchase this type of policy.
What Is The Purpose Of A Personal Injury Protection Policy?
A personal injury protection policy is specifically designed to protect you from medical bills and expenses. Unfortunately, some people are under the impression that their standard policy will provide all of the coverage that they need, and believing this notion can lead you to be underinsured when you are involved in an accident.
Most standard auto insurance policies have caps on the amount that will be paid to cover medical bills. Also, it should be noted that this coverage may only apply to other drivers and not yourself. However, these issues can be avoided with a personal injury protection policy because these insurance plans will pay for medical bills stemming from the accident regardless of the amount or who suffered the injuries.
What If The Neither Party Has This Type Of Insurance Policy?
Unfortunately, there will be instances where neither driver will be insured with this type of protection. In these instances, it may still be possible for you to recover the full cost of your medical treatment and lost wages, but it can take longer and be more difficult.
When this is the case, the only option is to either file a lawsuit against the other driver personally or their insurance company. These lawsuits will start the formal proceedings to determine what type of compensation is deserved following the accident. As a result, if you are involved in an accident where this protection is missing, you should immediately schedule to speak with an attorney (such as one from A Personal Injury Network) to determine the best course of action for your situation.
Being involved in an auto accident does not have to be financially ruinous for you. By having the proper insurance, you can drastically reduce the odds that an accident causes major financial stress or requires extensive legal proceedings. These two questions will likely help you appreciate the value of this protection and what to do if you are involved in an accident without this type of policy.