By: Andrew S. Prince, Esq.
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All standard motor vehicle polices in New Jersey, including those for motorcycles, provide uninsured motorist (UM) coverage for injuries in the event of an accident with an uninsured or “hit and run” driver. Such coverage should always be in an amount equal to any liability coverage that you have. Closely associated with “UM” coverage is underinsured motorist (UIM) coverage which covers you in the event that the vehicle who causes injury to you or damage to your vehicle is underinsured compared to the coverage that you have. That is why it is so important to have the maximum vehicle/motorcycle coverage. It is simply because you are covering yourself every bit as much as you are covering the person or persons that you may cause injury to. That is only fair.
UM/UIM coverage is available for both your automobile polices as well as any motorcycle policy. Your UM/UIM policy cannot be any higher than your liability limits. It should, under no circumstances, be lower than your liability limits. As an example, if a person carrying a $500,000 UIM policy (Progressive sells it for motorcycles, nobody else does) gets injured by the negligent acts of a person who is only carrying a $15,000 liability policy, he would get to access the difference between the two policies or, in this case, an additional $485,000. This is, of course, assuming that the injuries warrant an award of the full $500,000. Similarly, if a motorist, covered by a UM policy of $500,000 is injured by a vehicle which hits him and then runs away without being identified, can access his UM coverage to the full extent of his coverage (in this case $500,000). Only Progressive Insurance is providing $500,000 UM/UIM coverage for motorcycle policies. Trust me, it is not much more than you are paying now.
It is so very important that you understand the impact of your own choices of motor vehicle/motorcycle insurance coverage. The failure to make the correct policy choices can have a profound effect should they be involved in a crash and not have the appropriate coverage. Obviously, once the crash has occurred, it is then too late to get the correct coverage. While answers to many questions can be obtained online or in consultation with an informed insurance agent, I am available to consult with anyone about the appropriate coverage to get at the outset. Please do not hesitate to contact me.
Call me, Andrew S. Prince, an experienced attorney who is ready to help you with your insurance questions. You can contact me at 800-832-6529 or at (732) 388-5454 or 1-800-TEAM-LAW, email me at [email protected], or fill out our contact form.
Andrew S. Prince, Esq.
136 Central Avenue
Clark, NJ 07066
1 (800) 832-6529
(732) 388-8711 — Fax
Additional Offices in New Jersey Edison, East Brunswick, Jersey City, Newark, Orange, Perth Amboy, Westfield and West New York