It is well known that everyone who owns a car should have car insurance. Having accidents is a daily occurrence in this country which can result in death or life long injuries. The person responsible for the accident is then liable for all the expenses. For anyone without insurance this can be tragic and take all of their assets or have them be obligated to make payments for life. All policies, including NJ car insurance should cover this possibility.
Although the type of car insurance can vary in New Jersey, it is mandatory under the law. Not having insurance can have dire consequences. It is breaking the law and can result in jail time, suspension of driver’s license, loss of the car, community service or fines.
There are three types of mandatory insurance in this state. Liability covers damages to anyone the insured hits, not including medical expenses. Personal injury protection is for medical expenses of the insured and includes No Fault coverage which pays insured medical expenses regardless of who caused the accident. The uninsured motorist provides if the other person involved in an accident does not have insurance.
There is a basic policy, which is available to all drivers that is less expensive than a standard policy but provides only minimum coverage. In case of a very serious accident this policy would only cover a very small amount of the costs. This policy is very limited and does not cover liability from other people such as people in the car the insured hits.
The basic policy is not recommended for anyone who has any real assets. However, it is possible to increase various parts of a policy if desired. The standard policy in much more expensive but covers a wide range of expenses in an accident caused by the insured.
This state, as with others, has a large number of automobile accidents. In 2009 there were 772 fatal crashes in which one or more people were killed. This is a tragedy for all the people involved, both the person who caused the accident and the innocent one who was just out driving. With this number it is prudent for everyone to have insurance if they do not want to lose all their assets and spend the rest of their life at a price that is many times over what the policy would have cost.
People moving to New Jersey have 60 days or before their current driving license expires, to transfer to a New Jersey license. Upon surrendering their license they are issued a new one which is good for four years. Those under 18 must participate in a Graduated Driver License program. When receiving the new license they must present proof of coverage.
If you are a resident of the state and are traveling to another, having an accident has the same consequences. It is essential that all drivers be covered with sufficient coverage. Lives may be lost, livelihoods destroyed, families split apart and life time disabilities are all possibilities. There has to be money to pay for these things and the only way to have any sense of security is to have the right NJ car insurance.