11-14-2009, 09:59 AM
(11-13-2009, 05:14 PM)The Antagonist Wrote: Liability works both ways. If you hit someone and it's deemed YOUR fault, YOUR liability insurance will cover it for the person you hit. YOU are shit out of luck to a degree. I am pretty sure medical to a certain amount is included for you as well. I'm not sure on that as it could be state to state on the regulations on what only liability covers.
If you hit someone and killed them and you had no insurance, and it was your fault, how comfortable are you saying, "well too bad for them"? They have no recourse if it's your fault and you have nothing they (they = the survivors or family of the deceased) can sue you for.
The most they can get out of you is whatever their no-fault covers and anything you're worth like your house. They can garnish your check if you work on the books but if you have nothing they get nothing.
No, insurance is a good thing, we just need it reformed to make it insurance again and not gambling.
Liability and No Fault coverage are two different things. Liability is what you said - when the mva is your fault, it's coverage for the other guys vehicle and pain and suffering. If you didn't have liability, the other guy can sue you personally. No Fault is coverage for your medical bills when you are injured in your own vehicle no matter who is at fault for the mva. It is also called Personal Injury Protection. In NYS it's mandatory to have at least the basic $50k. It's for your own protection in the event you are injured and it's the other guys fault and he has no insurance. There is also extra coverage where you if you meet an injury threshhold, you can come back to your own policy for "pain and suffering" or liability if the guy has no insurance or just the basic.
Devil Money Stealing Aunt