Personal Injury Insurance
Accidents do happen. Sometimes they are due to a negligent act that led up to the injury and sometimes they're not. In the case that you and your family are involved in an automobile accident that is not your fault.
It is true that you can pursue the other driver via a lawsuit to pay for the damages that you incurred in an accident. However, there are times that a driver may be underinsured or not insured at all by a policy such as non owned auto coverage. If they have no assets that they can sell in order to satisfy the damages caused by them in an auto accident, you will have to ultimately pay the expenses yourself.
Even if the driver at fault is insured, he or she may not have enough insurance to cover the damages done to you. This falls into the category of a person not being insured enough. They may have the minimum amount required by the state, but that is it. The minimum amount is usually not enough to cover the damages done in an auto accident. If that is all they have and they don't have any other money or assets to cover the damage, then you need protection.
Personal injury insurance provides you with the protection that you need in case you are injured due to someone else's negligence and they are unable to cover any of the damages or they can only cover some of it. Many times, those that are liable are only able to pay partial damages.
Only being able to cover some of the damages can be detrimental to you financially. You did not ask to be injured, so why should you have to pay for your injuries? You shouldn't. Unfortunately, there are some individuals who have not insured themselves adequately enough in order to make sure they don't have to pay something for their injuries.
The benefits of personal injury insurance are many. Yes, you do have to pay extra money to have this insurance, but it can be worth it. Medical expenses can be quite expensive. As a matter of fact, they are beyond what most of us can afford and health insurance companies have limits. One of the limits that health insurance companies have is the injury factor. When a claim is made to a health insurance company, one of the questions that are asked is, "Was this an accident?" They want to know this because they want to hold the party who caused the injury responsible. This is so the health insurance company doesn't have to pay. They will refuse payment if someone else was responsible and will encourage you to pursue them for payment.
Personal injury insurance can fill in the gaps between any insurance they have and the actual cost of medical care. Even if they do have assets to satisfy the damages, they may not have enough. Personal injury insurance can help you to pursue a lesser amount in order to satisfy the entire amount. Although it can seem like the ideal thing to pursue the maximum amount of damages from the responsible party, doing so is not always best due to the fact that higher amounts are harder for the responsible party to satisfy.
You also get the peace of mind that you need that you are not going to be severely compromised financially and that you are going to be able to afford the medical care that you need in the case that a personal injury occurs due to the negligence of someone else. When it wasn't you that was negligent, you should not be held responsible for the cost.