The following article was written by Kamensky-Cohen & Associates and can be found on New-Jersey-Lawyers.com
Introduction:
This purpose of this guide is to help you, when purchasing auto insurance, to select the coverage that will best protect you and your family if you are ever involved in an auto accident. If you have any questions left unanswered by this pamphlet or would like a lawyer’s opinion about your auto insurance policy, call Kamensky – Cohen & Associates for a free consultation.
The New Law:
The new auto insurance law in New Jersey that went into effect in 1999 has made significant changes to your coverage and we have some critical consumer tips, which we believe will protect you and your family. The first and foremost of these tips is never select the “basic policy”. When it comes time to renew your auto insurance, you’ll have to choose between what government regulators have named the “basic policy” and the better levels of coverage found in a “standard policy”. The standard policy will protect you and your family. The cheaper “basic policy” is so lacking in coverage that it provides little more than an insurance card. The “basic policy” only provides limited medical coverage and trivial liability coverage. No individual or family with any assets or income from a job should buy such a policy. Without liability coverage, you can be personally sued. If successful, a judgment can dramatically affect your financial future, your credit rating and even your ability to own or drive a car!
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