by CrazedEpidemic » Mon Feb 09, 2009 03:54 am
If I get into in auto accident with my family member in my car and they get injured and I am at fault should I tell them to sue me for as much as possible if I have the coverage limits that will cover it? My insurance rates will go up regardless of the amount of settlement in the next renewal no matter the payout correct?
Posted: Tue Feb 10, 2009 02:10 am Post Subject:
I have BI for 25/50
Basic Personal Injury Protection
Basic Personal Injury Protection (BPIP) pays:
1. Up to $50,000 per person, per accident.
2. Necessary medical, dental, hospital, and rehabilitation expenses.
3. 80% of your lost earning up to a maximum of $2,000 per month for three years.
4. Up to $25 per day for other expenses for a period of one year from the date of the accident causing the injury.
5. An additional death benefit of $2,000 per person.
BPIP Applies to:
1. You, household relatives, occupants of your car, and pedestrians for accidents occurring inside New York state.
2. You, and household relatives for accidents occurring in any state of Canadian Province.
3. New York state residents for accidents occurring in any state of Canadian Province, provided they are either pedestrians or occupants of your car.
You may select a non-deductible, or $200 deductible option, but you must select one of the two. You may not exclude BPIP from your policy.
If you have a certain type of sick plan where you work that is approved by the state of New York, you may be entitled to a reduction in your BPIP premium by voluntarily excluding coverage for lost earnings. If you select one of these options, you will be sent an option form to complete sign and return before the change can be applied to your policy.
Optional Basic Economic Loss for $5 every six months
In addition to Basic Personal Injury Protection coverage, you may also purchase Optional Basic Economic Loss coverage (OBEL). OBEL, unlike other coverages, allows the claimant to select the kinds of benefits to be paid. OBEL coverage is available to you, relatives residing in your household, occupants of your car, and pedestrians when injured in an auto accident. OBEL pays up to $25,000 after the Basic Personal Injury Protection coverage limit of $50,000 has been used. This material is intended for general information only. It does not expand coverage beyond the policy contract. Please refer to your policy contract for any specific information or questions on applicability of coverage.
Residual Medical Payments $1 every six months
Residual Medical Payments coverage pays for reasonable and necessary medical, surgical, x-ray, dental services, prosthetic devices, ambulance, hospital, and professional nursing and funeral services incurred within one year from the date of the accident for you, relatives residing in your household, and guest passengers occupying your car when injured in a motor vehicle accident. The one year limit does not apply to funeral services. Residual Medical Payments also protects you, and relatives residing in your household, if injured while in other vehicles or if injured by a car while a pedestrian.
The limit for Medical Payments coverage stated in the declarations as applying to "Each Person" is the limit for all costs incurred by or on behalf of each person who sustains bodily injury in one accident. The limit applies regardless of the number of persons insured or the number of autos or trailers to which this policy applies. In choosing a limit of coverage, you may want to consider the cost of health care, other insurance you carry, and your ability to meet your financial obligations if you were injured.
This material is intended for general information only. It does not expand coverage beyond the policy contract. Please refer to your policy contract for any specific information or questions on applicability of coverage.
Then I have the option to add
Additional Personal Injury Protection $16 every 6 months
In addition to Basic PIP (and OBEL if selected), you may purchase Additional Personal Injury Protection (APIP) in the limits shown below.
Option 1: I want APIP in limits of $50,000 with $2,000 work loss.
Option 2: I want APIP in limits of $100,000 with $2,000 work loss.
Additional PIP is excess over the amount of Basic Economic Loss purchased by you including OBEL.
Posted: Tue Feb 10, 2009 07:37 am Post Subject:
I never heard of a friends and family coverage.
Me too, but I think Crazed is referring to the PIP coverage.
Basic Personal Injury Protection (BPIP) pays:
Well, so, its indeed the PIP coverage :lol:
Crazed in your policy you have the liability coverage which would pay the other party, whom you have caused damages, on your behalf. The personal injury protection coverage is for the driver and the passengers riding with him. These two coverage are entirely different. And one doesn't apply to the other. Some states may ask you to have both the bodily injury liability and personal injury protection coverage, when some may not require it, depending upon the state laws. However, its for your benefit to add additional protection.
However, the problem boils down to…..you can't and mustn't ask the family member to sue you for higher amount. Its unethical. Further, the insurance company is due only for the amount of loss that the insured has caused and not to allow anyone to gain financially.
~Jeremy
Posted: Tue Feb 10, 2009 10:41 am Post Subject:
ok good it was PIP I was thinking I was losing my mind...honey you get whatever pip limits you want...and are comfortable with paying for
Posted: Tue Feb 10, 2009 06:34 pm Post Subject:
Well that explains it. I still would not advise anyone to sue me for more than they are legally entitled to.
Posted: Tue Feb 10, 2009 08:10 pm Post Subject:
I don't plan on getting into an accident or having my family or friends sue me for more then what is entailed to them. I just want them to get what they deserve. If it was to ever happen I want to tell them that it is okay to ask for as much as they are entitled to and to not lower the amounts because they might feel I will have to pay for it out of pocket.
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