New York Auto Accident Lawyer Warns Motorists Not To Be Penny Wise And Pound Foolish When It Comes To Uninsured And Underinsured Motorist Coverage

New York Auto Accident Lawyer Warns Motorists Not To Be Penny Wise And Pound Foolish When It Comes To Uninsured And Underinsured Motorist Coverage

New York auto accident lawyer Michael S. Levine issued a muscular warning today to all motorists in the State of New York to check their insurance policies to be indisputable they have adequate uninsured and supplemental underinsured coverage in the miracle of a serious injury caused by an uninsured, underinsured, or hit - and - run driver.
“One of the hardest things in my profession, ” Levine uttered, “is to have to impart a client that the person who caused their accident either has no insurance, or only has the $25, 000 minimum liability coverage required by law in New York State.
“If the driver, ” Levine great, “or the passengers, sustain catastrophic injuries as a conclusion of an accident with an underinsured vehicle, $25, 000 may not stable scratch the surface in terms of adequately compensating the victim for his, or her, pain and suffering. ”
A bill unresolved in the New York State Assembly ( SO4705 ) would require motor vehicle insurance providers to yield their insureds with uninsured and underinsured motorist coverage that is equal to the amount of the insured’s liability coverage. Finally, an insured may have adequate liability coverage, only to find out, after an accident with either an uninsured or underinsured motorist, that he or bobby-soxer has inadequate uninsured or underinsured coverage to fairly regain the driver for his or her injuries.
“If this bill passes it will help lift the shroud of riddle surrounding this important issue, ” Levine spoken. “But more would still need to be done by the carriers themselves to help make every motorist in the state aware of the benefits of adequate uninsured and underinsured motorist coverage.
Levine explained that insurance companies, which are required by law to implement their insured’s with at anterior $25, 000 of uninsured or underinsured motorist coverage, make a insufficient profit on these supplemental programs, so slick is stunted, or no, business lust to push the coverage on their policyholders.
“Any driver, ” Levine oral, “who doesn’t have at primitive $100, 000 worth of uninsured / underinsured motorist coverage, if not more, is being penny wise and pound foolish. They need to know that these coverages are a insufficient bounteous assessment in any automobile policy. ”
A lush consider by the Insurance Research Council estimates that 14 % of drivers nationwide, and 7 % of drivers in New York State, are uninsured.
As according to, Levine warns that motorists should never originate themselves, or their families, in a mental state where if serious injuries are distant in a motor vehicle accident, all they can recover is $25, 000.
“Most drivers, ” he spoken, “assume wrongly that every driver on the road is sufficiently concealed by automobile insurance. That is not level sultry to being the case. Unfortunately, most people catch on that they didn’t buy enough UM / Amount coverage when it’s too behind, after they’ve been seriously injured in an accident by a driver who is either uninsured, or has only minimum insurance. ”
To further decorate his point, Levine pointed to a case he brick wall recently involving a 16 - instant - elderly boy who was working detail allotment at a Jiffy Lube on Long Island.
“My client was struck by a driver who was pulling his car into a bay to have it serviced, ” Levine vocal. “The boy elongate very serious injuries to his leg and needed invasive surgery. The car that struck him only had a $25, 000 policy. My client’s parent’s car only had $25, 000 in Sum coverage. Precise after surgery, his leg injury could cause him problems for the rest of his life. But thanks to his parents didn’t have enough underinsured coverage, my client was only able to be told $25, 000 for his injuries, which is a completely inadequate outcome. I watch these regrettable situations repeat themselves pace and again. ”