subject: Car Insurance in New Jersey – Know the Basics [print this page] Car Insurance in New Jersey Know the Basics
Auto insurance is mandatory in New Jersey, but the nature and cost of that coverage can vary greatly. Every day, consumers are finding that it it easier ways to comply with the law. The New Jersey Automobile Insurance Cost Reduction Act requires that a basic policy for all drivers are available.
It is important to recognize that you break the law if you are not insured to drive. The penalties for driving without insurance are becoming morestringent in addition to risking economic loss by not risking having insurance, you fines, suspension of license or registration and even time in prison. In the future, the car could be impounded if you fall behind the wheel without coverage.
The basic issues are to be viewed by those with few family responsibilities and few real assets. It may be a transition for younger drivers who have just starting working life, a basic, minimum protectionthough they may be least able to afford more comprehensive coverage.
Let the New Jersey auto insurance policy issues. The policy issues, offers less protection, but at a lower cost than the standard insurance.
Personal injury liability
Coverage for claims and complaints from people who cause hurt following an accident. The cover is not included in the price, but $ 10,000 coverage for all persons per accident is available asOption.
Property damage liability
Coverage for claims and complaints from people who cause their property as a result of an accident damaged. Coverage of $ 5,000 is provided per incident.
Personal Injury Protection
Coverage for injuries sustained in an automobile accident by you or other persons insured under your. Collection of 15,000 U.S. dollars per person, per accident and up to $ 250,000 for permanent or significant injury is provided, as defined in thePolicy.
Uninsured / Underinsured Motorist Coverage
This kind of coverage would pay for property damage or personal injury, if you are not insured in an accident caused by a motorist (a driver who is not legally beyond the minimum requirements for the insurance required), or a driver who is insured, but who has less coverage than your underinsured motorist coverage. This is not included in the basic policy.
