Know Your Sources for Insurance Coverage
After an accident, you may be concerned solely with your car insurance. However, you may have other options you don’t even know about. That’s why this secret to settling your car accident injury claim involves knowing all your sources for insurance coverage.
After a car accident, you may be thinking about the limits of your auto insurance. But you may have other sources of insurance that can help you recover compensation for your damages. It’s important to not neglect these because they can help pay for expenses while you’re waiting for your car accident claim to settle.
Health Insurance Policy
Everyone in the United States is expected to have health insurance coverage, so can you use your health insurance to pay for your medical bills in an accident? It depends on what your auto insurance covers.
Nevada does not require its drivers to have personal injury protection insurance (PIP), so it is optional. If you do have this type of insurance, you will be expected to use the limits of this coverage. The main benefit of using PIP is that no deductible applies.
If you do not have PIP, then you can use your health insurance to pay for medical bills. This may be your best bet until your insurance claim gets settled. The health insurer may then recoup the cost of the medical bills from your auto insurance company.
Workers’ Compensation/Employer Liability Policy
If you were injured in a car accident while performing work duties, then you may be covered under your employer’s workers’ compensation or some other liability policy. This would be considered a workplace accident and different laws may come into play. Inform the employer of your accident and he or she will file the appropriate paperwork.
Your employer’s workers’ compensation benefits will pay for medical bills associated with your accident. If you have had to take time off to recuperate from your injuries, you will receive benefits based on a percentage of your income.
Some people purchase umbrella policies that provide extra liability insurance coverage in the event of major claims and lawsuits. If you have reached the limits of your auto insurance policy, for example, an umbrella policy will kick in and cover the remainder of the costs. It covers bodily injuries, property damage and even lawsuits. So if the other party involved in the car accident tries to sue you, umbrella coverage will protect you. Ultimately, coverage costs may be minimal, so if you have a high net worth and a lot to lose in a car accident, you may want to consider this type of coverage to protect yourself.
After a car accident, make sure you exhaust all your insurance options. This will help you pay for the many expenses you will incur as the result of a crash. It can hard to find out what options are available to you, though. A Las Vegas personal injury lawyer can help you uncover all available sources of insurance.