Insurance Terms Frequently Used During Personal Injury Law
Uninsured Motorist Coverage: Coverage protects you if the at-fault driver does not carry liability insurance or you are involved in a hit and run.
Medical Payments: Commonly referred to as Med Pay, this is an optional coverage in Missouri. If you have a KS policy, this type of coverage is known as Personal Injury Protection, or PIP and is mandatory on all Kansas policies with a minimum limit of $4,500.00. Med Pay or PIP covers medical costs resulting from the collision, regardless of who was at fault.
Underinsured Motorist Coverage: Coverage protects you if the at-fault driver’s liability limits are too low to cover the damage or medical expenses due to the incident.
Policy Limits: Maximum amount of money an insurance company will pay for a covered loss.
Claims Adjuster or Handler: Claims adjusters are assigned after the claim has been filed and are not insurance agents. A Claims Adjuster investigates the personal injury claim and determines how much or if the insurance company should pay the injured party for their damages. Your attorney will submit a demand and negotiate your settlement with the Claims Adjuster.
Property Damage: Damage to your vehicle as a result of the motor vehicle collision and handled separately under the law.
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