NY Auto Insurance: Adequate Protection For You & Your Family

Does Your New York Auto Insurance Adequately Protect You & Your Family?

Most people know that automobile insurance coverage provides protection if you’re involved in an accident and need to recover for property damage, or that it protects you against liability if you’re ever sued. However, there is a very important part of your insurance coverage that most people do not know about. In fact, many insurance agents do not properly advise their clients on this coverage. It is called Supplementary Uninsured and/or Underinsured Coverage, also known as SUM coverage in the insurance industry.

SUM coverage protects the driver and occupants in your motor vehicle. If you have a car accident claim in New York, SUM insurance permits you to recover for personal injuries even if the other vehicle that caused an accident did not have any insurance coverage. It also allows you to recover additional monetary damages if your SUM coverage is higher than the other vehicle’s coverage.

For example: If you have SUM coverage of $100,000.00 and the vehicle that hit you in the rear has liability coverage of only $25,000.00, you can collect the $25,000.00 policy limits from the responsible vehicle and then file a claim for an additional $75,000.00 from your own insurance company, for a combined recovery of $100,000.00. Of course this all depends upon the seriousness of your injuries and other aspects of your case.

If you’d like a free evaluation of your insurance policy or more information on this topic, give my office a call toll-free at (866) 293-1616. I will be happy to discuss this matter with you over the phone or in my office. Let’s make sure you have the right automobile insurance coverage that protects you and your family.