Is it Okay to Avoid Collision Protection?

Collision protection is it required?

Is Collision Protection Required on an Auto Insurance Policy?

While 49 out of 50 states require drivers to carry liability coverage, collision coverage is NOT mandatory by law, meaning it is up to the individual to decide whether they want to have this option in their auto insurance policy.

Many drivers in the United States forgo their right to collision coverage, which can either save them a lot of money or end up costing them, especially if they get into a serious auto accident, which brings up the following questions:

 

Is It Alright to Drive Without Collision Coverage?

As mentioned above, the law does not obligate drivers to have collision coverage to drive legally. However, lenders may require individuals to purchase this type of policy for the duration of the lease.

Collision coverage also gives vehicle owners peace of mind that they will get properly reimbursed in the unfortunate event of an accident. Most policies have a maximum coverage limit that is equal to the market value of the insured vehicles minus deductibles and amortization.

 

Why Liability Insurance Isn’t Enough?

Liability insurance is designed to cover the expenses of the wronged party. Meaning if a driver gets into an accident and they are found at fault, their liability policy will cover the damage to the other driver’s vehicle – not theirs. This automatically means that the driver who has caused the accident will have to pay for the repairs of their vehicle out of pocket, which in some cases can be quite costly.

 

When Is It Alright to Not Purchase Collision Coverage?

The only case when it is acceptable to forgo collision coverage is when the vehicle is old and its market value is lower than the price of the policy and the deductibles. This means that the reimbursement sum will be lower than what drivers will pay to have insurance.

Use the Legal Chiefs platform to get connected with professionals who can help you determine whether you should get collision coverage or not.

 

Find An Auto Accident Attorney In Your Area Now Without Leaving The Comfort Of Your Home

Frequently Asked Questions

Your first and foremost action following an accident is to stay calm, check if you or anyone else involved has been injured, and call the police. Get the name and contact information of all parties involved in the accident as well as any witnesses of the event. To document the damage, take pictures of the accident scene, the vehicles, and your injuries. It’s important not to admit liability until you hire an attorney because they will conduct a thorough investigation to establish the driver at fault.
Right after a car accident, you may feel fine, but injuries can surface days, weeks, and even months later. That’s why it’s good to see a doctor even if you don’t believe you were injured in the accident. Your doctor can recognize issues or injuries that won’t immediately become apparent to you and alert you to warning signs of injuries that may arise due to the accident. If you fail to treat your injuries within a certain period of time, you may forfeit your right to get reimbursement for future medical costs. The general rule is not to settle auto accident claims without having been examined by a medical professional.
In most cases, you won’t have to go to court. The majority of auto accident claims are resolved outside of court after negotiating the terms with the insurer. Most insurance companies generally try to settle claims as quickly as possible and for as little money as possible, so it’s wise to have an attorney negotiate on your behalf.
In addition to taking pictures of the accident scene and taking the contact information of the involved parties and witnesses, your detailed explanation of how the accident happened is also necessary to file a claim. Law enforcement reports of the accident will also serve as crucial evidence in your claim.
Many factors determine the driver at fault in an auto accident case. Do not accept any part of the blame until the investigation has concluded. Even if the investigation finds that you are partially at fault, you may still be entitled to receive compensation. There are cases when the victim also shares part of the blame for an accident. If, for example, you were driving five to ten mph over the speed limit when the accident happened, this would have limited your reaction time, and you could likely be considered a negligent driver even if you weren’t the one to cause the crash. Different states have different ways of settling auto accident claims where more than one driver is at fault. So it’s best to check the specific laws in your state (or the state where the accident took place) or discuss the matter with your auto accident injury lawyer.
It happens surprisingly often that people get into an auto accident where the driver at fault doesn’t have insurance. In these situations, it’s wise to have an auto insurance policy that comes with Uninsured Motorist (UM) coverage. That way, if you get into an accident and the at-fault driver doesn’t have insurance, you will still be able to file your claim under the UM coverage you have with your own insurance company. Your insurer will then process the claim following the same process as it would for an opposing insurer. The only difference is that the claim will be against your UM coverage and not against another driver. Likewise, if you were involved in a hit-and-run accident where the responsible driver fled the scene before you could take their information, you can again seek compensation from your UM coverage.
Suppose you suffered injuries after an auto accident that was caused by another driver’s negligence. In that case, there are two main types of damages that you may seek compensation for: compensatory (a.k.a. monetary) and punitive damages. Compensatory damages are the most common type of damages in a personal injury claim, and they often include: ● Current and future medical bills ● Property damage ● Emotional duress ● Lost wages ● Loss of enjoyment of life ● Loss of future earnings potential On the other hand, punitive damages are much rarer, but they can occur in situations where the vehicle manufacturer is to blame.

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