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Factors of Insurance Coverage for Car Accidents in Arkansas

Owning a vehicle comes with a lot of responsibilities. The insurance plan for the car is important because you never know when you could be in an accident. Car accidents in Arkansas are one of the most traumatic episodes that anybody could experience. With just a small negligence while driving on the road, it could end up taking one’s life. You may never know when you could collide with another obstacle, car, motorcycle, or any other vehicle for that matter.

While physical trauma is often the first thing that comes to mind when thinking of a car accident, mental and emotional trauma are also present. While you can recover from minor physical injuries, the stress and trauma from the financial cost of your vehicle and property damage is another factor to consider. The more severe the injuries, the higher the financial burden from medical bills and the longer the recovery time.

Hospital bills and vehicle damages can be expensive.  Therefore, car insurance is important for everyone to have. Vehicle damage can always be repaired or replaced with a quality auto insurance policy. Bodily injuries and mental anguish are harder to cure.  In 2019, there were 467 fatal crashes in Arkansas alone. It is critical to protect your family with multiple insurance coverages as well as adequate policy limits.

Auto insurance is also important, but you should also have a good health insurance policy. Liability auto adjusters are difficult to negotiate with, especially while you are recovering from injuries.  This is why you would need a car accident attorney for your auto insurance claim. For any insurance plans, you first need to know what type of accidents are covered and the different insurance coverages and policies that apply to your specific case.

Types of Car Insurance Coverage for Car Accidents in Arkansas:

It becomes confusing for people to understand car insurance coverage because there are different insurance plans for every category. Furthermore, those categories are divided into various categories such as liability, collision, comprehensive, personal injury protection, and uninsured and underinsured motorist (UIM).  People who live in Arkansas are required to at least have liability coverage, but more coverage is optimal.

Insurance policies have the following categories:

1. Liability:

It provides coverage for medical bills, lost wages, physical injuries and property damage for the non-negligent driver.  In other words, liability coverage covers you when you cause injury or damage to someone else.  However, it only covers up the amount of the coverage you purchase.  In Arkansas, you are only required to purchase $25,000.00 in liability insurance coverage.

2. Collision:

This category will provide coverage for a car if it has been damaged from colliding with another vehicle, or if your vehicle overturns on the road.  This coverage would take care of your vehicle if you caused the accident.

3. Comprehensive:

This covers a loss that has occurred from theft or bad weather. Collisions are not included in this type of coverage, but other damage to your car will be covered, such as if the car caught fire.

4. Personal Injury Protection:

This type of policy will cover your medical bills and claims. Funeral costs and lost wages will also be covered under this category.  This is sometimes referred to as Med Pay.  It is usually sold with $5,000.00 limits, and this covers you or passengers in your vehicle regardless of fault.

5. UIM:

This will cover you if the other driver does not have auto insurance, or if they lack enough coverage to compensate you for your injuries.  There are two types of coverage that this would help with, uninsured motorist (UM) and underinsured motorist (UIM).

The mandatory type of auto coverage is liability coverage that provides insurance for physical injuries you cause another driver as a result of your negligence. The liability coverage must be followed according to the state’s rules and requirements.  With liability coverage, you can purchase as much insurance as you want to prepare for car accidents in Arkansas.  Some drivers purchase umbrella coverage which is usually $1,000,000.00.  Most businesses and trucking companies possess this much liability insurance.  In case of a collision, liability coverage is mandatory.

Furthermore, collision and comprehensive insurance types are also vital to own, especially if you do not own your vehicle. Both of these insurance types will cover the damage done to your car, and keep you financially stable after a car accident in Arkansas.

Minimum Liability Coverage:

Now that we have discussed the types of insurance policies for car accidents in Arkansas, let’s talk about minimum liability coverage.

When it comes to physical injuries, one passenger would be insured for $25,000 for one accident and $50,000 for more than one person in the same accident. Secondly, your property damage would be insured for $25,000 for one accident.

Arkansas’s laws might be different from other states, but if an out of state driver causes an accident in Arkansas, the driver is still required to have the minimum limits required in Arkansas.

Try to find the best insurance policy for yourself. Everyone wants to be protected from a larger financial responsibility, which makes it imperative to opt for car insurance.  You will come across many different insurance policies, but you need to see which one best fits your lifestyle.  Med Pay and uninsured motorist coverage can be invaluable when you are injured by an uninsured motorist.

Contact Us:

Car accident lawyers are useful. But, before you hire any lawyer for a car accident, you must know about the insurance plans that can benefit you. Take some time to think about the insurance policy that may be a good fit for you. You never know when a car accident may happen and you would need to opt for legal services.

The injuries sustained during car accidents in Arkansas can easily be recovered with the help of a car accident lawyer. They will look into the case and then help you with the insurance claim. In most cases, the insurance companies will compensate you with less than you deserve. Therefore, reaching out to a car accident lawyer would be in your best interest.

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