It is always troubling to get into an accident and one can never foresee such an unfortunate incident.  As such, it is important to be prudent and think about ways in which you can protect yourself and your family in case such an unfortunate circumstance was to occur.  One way to protect yourself is having the right insurance coverage.

Insurance coverage amounts that an at-fault party has can have a big impact on your potential settlement.  While Nevada requires that all drivers maintain insurance on their vehicle, the minimum amount of coverage required remained the same for nearly 30-years.  It was not until June of 2018 that legislation increased the minimum amount required to 25-50-20 and what this means is that each driver has to have a policy that provides a person at the very least the following coverage:  1) injured amount of $25,000, 2) total accident coverage of $50,000, and 3) a property damage policy of $20,000.  While that may seem like a lot, a serious injury could cause you to incur medical bills beyond the $25,000 coverage.  In addition, if the accident had multiple injured parties, the $50,000 is the maximum that the insurance company is required to pay all injured parties – in total.  Moreover, the property damage requirement may not be enough to repair or replace your car.

There are some ways to protect yourself and your loved ones.  One option is to obtain Underinsured Motorist Coverage (UI/UIM) from your insurance provider.  While in some states, UI/UIM is included in the coverage, in Nevada it is an additional coverage that you will have to speak with your insurance carrier about.  UI/UIM is beneficial when you are injured, and the at-fault driver’s policy is insufficient to pay for your medical bills as well as your pain and suffering.   Another option is to obtain Medical Payments Coverage (Med Pay), which pays out the policy amount for your medical bills.  This is ideal as the Med Pay coverage will pay out for medical bills you incur as a result of the accident regardless of who is at fault.  Finally, another option to protect your interest is to obtain collision coverage, which would provide additional property damages if the at-fault party’s property damage is insufficient to repair or replace your car.

When you are involved in an accident, it can be overwhelming to determining what coverages are available to pursue.  Neither the at-fault party or the insurance companies are going to volunteer this information.  That is why you need an experienced attorney and that is why you should contact JK Nelson Law.  Our office is experienced at evaluating and pursuing all avenues of recovery.  Not only will we be able to offer guidance on what your insurance-related options are, but we will be able to assist you with the entire process. It is our expertise that will ensure you get the most money for your medical bills and pain and suffering.  Our office is full of compassionate individuals that realize that you are going through a difficult time and will take the time to make sure that you and your case are handled with care.

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