 WHAT AUTO COVERAGE
IS RIGHT FOR ME?
The Basic
Policy;
Things to Think
About...
- It's Affordable - Premiums of $500 or less. Drivers who could not
afford insurance before can now purchase it.
- It's the Law - NJ law requires all motorists to be insured. The
basic policy presents an affordable insurance option so all drivers can comply with the
law.
- It's Simple - The basic policy offers very basic coverages.
- It Restricts your Right to Sue - By selecting the basic policy you
are automatically given the "Limitation on Lawsuit" option. This means
that your right to sue for pain and suffering is severely limited.
- It's Risky - The basic policy offers only $15,000 of medical expense
benefits. Consider that this can be eaten up by just one week in the hospital.
There is also very little or no protection from bodily injury lawsuits.
- It's Potentially Very Costly - You only have $5000 to cover property
damage to others. Remember most sport utility vehicles cost over $30,000. If
you cause damage over $5000 to someone else's car or property you are on your own to pay
the difference. The premium you save up front could be spent just hiring a lawyer if
you are involved in an accident. With no (or very low) liability insurance you are
risking your entire life's future earnings, all of your property and your savings.
- It May Not be the Right Choice for you - The basic policy is not
for everybody. In fact it is only marginally better than no insurance at all.
| BASIC
POLICY |
|
STANDARD
POLICY |
$15,000
(Coverage increases for catastrophic brain, spinal cord, or other serious injury to
$250,000) |
PIP |
$15,000 TO $250,000
Higher limits available |
| Limited Ability to
Sue (only) |
Lawsuit
Option |
Choice of Limited or
No Limit to Right to Sue |
| None |
UM |
$15,000 per person
$30,000 per accident
Higher limits available |
| Optional to $10,000
(maximum) |
BI |
$15,000 per person
$30,000 per accident
Higher limits available |
| $5,000 (only) |
PD |
$5,000 minimum
Higher limits available |
| Optional Deductible
to $500 (maximum) |
Comp.
& Collision |
Optional Deductibles
up to
$2,000 offered |
| None |
Other |
Income continuation,
essential services, death & funeral expense, other additional coverage options |
|
PIP - (Personal Injury
Protection) Medical benefits paid to you as an insured under your policy when you
are injured while occupying, entering, or exiting a vehicle or injured as a pedestrian.
UM - (Uninsured/Underinsured Motorist Coverage) Protects you if you are in an
accident with an uninsured or underinsured driver.
BI - (Bodily Injury Liability) Pays for injuries to other people for which you
are responsible.
PD - (Property Damage Liability) Pays for damage you do to other people's car or
property as a result of a motor vehicle accident.
Comp. - (Comprehensive Coverage) Pays for damage done to your vehicle by fire,
theft, hail, collision with an animal, falling objects, etc.
Collision - Pays for damage to your vehicle as a result of collision or the
upset of your vehicle. |
        
York-Jersey
Underwriters ~ P.O. Box 810 ~ Red Bank, NJ 07701
Conveniently located one mile east of the Garden State Parkway at exit 109
In eastern Monmouth County N.J.
(732) 842-2012
~ (800) 392-6958 ~ fax: (732) 530-7080
E-mail: sales@york-jersey.com
Digital Solutions provided by Horizon Marketing Group, Inc.
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