Tips for New Jersey No Fault Insurance
NJ car insurance may offer its own kind of no fault insurance. In regular insurance systems, the driver more at fault might have to pay more of the compensation for an accident. New Jersey no fault insurance, however, could help provide compensation no matter whose fault the accident might be.
Under no fault insurance, it could be a lot more difficult to file suit against the other driver in an accident to get damages. So some drivers may be able to avoid going to court, and the load of lawsuits on the court may be a lot lighter. But even though you might be guaranteed to get compensation with no fault insurance, the compensation could have a cap.
NJ car insurance may require you to have bodily injury, property damage and uninsured motorist. If you might carry no fault insurance, you could need a minimum of $15,000 of PIP (Personal Injury Protection). PIP may actually be a component of no fault insurance. For bodily injury, the minimum amount of insurance may be $15,000 as well. For uninsured motorist insurance, you might have to have $15,000 for per injured person. For property damage insurance, the minimum may be $5,000.
To find out more, check out the article No Fault Auto Insurance.
NJ’s no fault insurance might allow owners to file a lawsuit if the damage could go over a certain threshold. It might not be a monetary threshold so there may be no incentive to inflate medical bills to reach the threshold. There might instead have to be a finding that there could be serious damage that may warrant a lawsuit.
Inexpensive NJ car insurance may typically be available. You could have lower premiums if you pick higher deductibles for coverage in collision, comprehensive and PIP. If you could be all paid up on your vehicle, you may be able to think about not having collision or comprehensive coverage.
You could find discounts for NJ car insurance premiums if your car might contain safety features such as airbags, anti-theft and anti-lock brakes.
Check out this page to learn more about No Fault Auto Insurance.
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