Under Nevada law, all drivers are required to carry liability insurance to help cover the cost of property damage and injuries in the event of a car accident. But how exactly does car accident insurance coverage work? Do you make a claim with your own insurance company or with the other driver’s insurance company? How much car accident insurance coverage are drivers required to have, and what happens when a driver doesn’t have enough? Should you be worried that you may not have sufficient coverage? We hope to shed some light on these important questions here.
The Nevada Division of Insurance states that drivers are required to have liability car insurance coverage of at least $25,000 in bodily injury or death per person, $50,000 in total bodily injury or death per accident, and $20,000 in property damage per accident caused by the owner/driver of the insured vehicle. These amounts are intended to cover the cost of medical treatment, property damage and other expenses arising from car accidents. If policy limits are exhausted, the at-fault driver is personally liable for additional damages.
Minimum liability car insurance is rarely enough to cover the costs of a serious car accident. With Nevada’s fault-based system, drivers could risk losing personal assets to pay for a car accident if their insurance runs out. For this reason, additional insurance coverage is available to protect your personal property and keep the insurance company responsible for paying accident damages. As the injured victim of a traffic accident, other types of car accident insurance coverage can help you as well. For example, collision coverage can pay for repairs to your damaged vehicle, and uninsured motorist coverage can protect you if the at-fault driver has no insurance or if you are the victim of a hit-and-run.
When it comes to financial responsibility for losses arising from a car accident, such as vehicle damage, medical treatment, and lost income, Nevada follows a fault-based system for car accident insurance coverage. Under this system, the person who was at fault for causing the car accident is responsible for any resulting damages, and the person who suffered injuries or losses can file a claim directly with the at-fault driver’s insurance company. When pursuing compensation, it is best to have an experienced injury attorney file the necessary claim(s) on your behalf to ensure you’re treated fairly.
Legal representation makes a difference whether you are dealing with an at-fault driver’s insurance company or your own. For all insurance companies, the goal is to pay as little as possible on claims. Insurers will go to great lengths to deny responsibility, minimize injuries and losses, and coax victims into accepting low settlements. We can help you determine the true value of your injuries and losses, and then we’ll negotiate with the insurance company to get you what you’re owed.
For more information about car accident insurance coverage in Nevada—and to ensure you get the insurance benefits you’re entitled to receive after a car accident—please contact David Boehrer Law Firm for a free consultation at 702-750-0750. You can also submit your information online.