While the law in New Jersey requires all owners of motor vehicles to carry insurance coverage, the law also allows owners of motor vehicles to carry varying degrees of coverage. [Read more…]
New Jersey Automobile Insurance, Bodily Injury Coverage; How Much Coverage is Enough?
We purchase insurance to protect ourselves against a particular risk. When it deals with automobile coverage, one of the reasons is to protect ourselves from our own negligence and/or the negligence of others with respect to the operation of a motor vehicle. When we purchase Bodily Injury coverage from an insurance company, this is the amount that your insurance policy will pay when you or an insured person becomes liable for a bodily injury or death caused by your automobile. How do we decide how much coverage to purchase? [Read more…]