New Jersey Uninsured Motorist Coverage

Posted by Gerald Baker

I understand that New Jersey requires the owner of every motor vehicle registered in the State to purchase an insurance policy with liability coverage that will pay monetary damages to someone who is injured in an accident; however, what happens if I am injured in an accident with someone who is uninsured?

-The insurance policy that you purchase for your own automobile provides uninsured motorist coverage if you, a resident family member or an occupant in your car is injured in an accident by 0 driver who is uninsured?

What is uninsured motorist coverage?

-Uninsured motorist coverage permits you to recover monetary damages from your own insurance company that you would have legally been entitled to recover from the uninsured driver.

How much uninsured motorist coverage is provided?

-The law of the State of New Jersey requires every automobile insurance policy to provide uninsured motorist coverage with minimum limits of $15,000 per person and $30,000 per accident.

Can I purchase higher limits of uninsured motorist coverage?

-Yes. You can purchase uninsured motorist coverage with split limits up to $250,000 per person/$500,000 per accident or a single limit of $500,000 (not to exceed your liability limits).

How much uninsured motorist coverage do you recommend?

- Most people feel that uninsured motorist coverage of $15/30,000 is not adequate to protect themselves if they are injured in an accident with a driver who is uninsured. Many people purchase uninsured motorist coverage with split limits of $100/300,000 or $250/500,000. I recommend that you purchase uninsured motorist coverage with a single limit of $500,000.