In New York State, the standard personal injury protection under your no-fault policy is $50,000. This coverage is for medical treatment, ambulance charges, physical therapy, diagnostic testing (MR for example) and lost wages with limitations up to $2,000 per month. It is for all occupants of your vehicle who are injured in a motor vehicle accident.
But personal injury insurance is is not liability coverage which covers you if you are sued by another person and protects you for your driver’s or your negligence.
I recently received a hospital bill for a client who spent three days as an in-patient which amounted to approximately $30,000. This is not an unusual expense. A rehabilitation facility can charge $15,000 for a month: an MRIs can cost $1,000. What are you going to do if you need years of treatment?
Best plaln is to be prepared. What you should consider: review your personal injury protection coverage with your insurance professional or attorney and consider additional personal injury protection under the terms of your automobile/vehicle coverage. While it will be an additional charge, you could protect yourself, family and passengers from a nightmare.
Also, you also might be surprised that such additional coverage is not that expensive, considering the alternative. Think how relieved you will be if you or your family have a serious accident and you find out that you have an additional $150,000 in medical/wage coverage. You can then concentrate on getting better and not worry about how the medical bills are being paid.
Having inadequate auto liability insurance can mean big financial and legal trouble for you if you are involved in a serious accident. To find out how to protect yourself and make sure you are adequately protected, please call Charles Mirisola at (212) 601-9300 or fill out our short form.
For a free consultation give us a call at (212) 601-9300 or fill out our short form