Car accidents could inflict serious damage to life as well as properties. However, once you meet with an accident, you can claim monetary compensation that you are entitled to. This involves making legal claims as well as producing all the financial requirements of your registered vehicle. You should consult a motorcycle accident lawyer who can put things into a better perspective for you. Below is a detailed description of the financial responsibilities that you need to fulfill before you file a lawsuit for compensation after a motor accident.
Minimum Car Insurance Requirements
Any registered car in California must be covered using the financial requisites. The best way to satisfy the legal needs of your car is to purchase a car insurance policy.
In the state of California, you are bound to follow certain insurance coverage requirements. These measures will make sure that you are covered within the limits of law by any costs incurred by an accident. For instance, the California Vehicle Code 16056 calls for all drivers to keep up a minimum of 15/30/5 coverage on all registered vehicles. This translates to a $15,000 coverage for injury or death to one person, a $30,000 compensation in case of injury or death to more than one person, and $5,000 returns for property damage.
Besides, you are expected to keep your insurance documents handy all the time. It should be produced promptly when you are requested to by the law enforcement officials while renewing the vehicle registration, and also when involved in an accident. Remember that if you fail to produce the proof of your financial responsibility, you might be stripped off your license.
Underinsured and Uninsured Motorist Coverage
You need the services of your car insurance provider under California state law (California Insurance Code 11580.2) in case of underinsured and uninsured motorist coverage. In case you happen to be in an accident with an uninsured or an underinsured driver, these insurance policies will help you recover from damages and injuries caused.
Uninsured Motorist Bodily Injury Coverage
This insurance is applicable if you are hit by an uninsured motorist. It pays you the cost of damages you and your passengers sustained. Note that the compensations are restricted to the amount of your individual liability coverage.
Underinsured Motorist Coverage
This policy comes in handy when you are caught up in an accident with a driver whose insurance does not have the amount to cover the extent of your damage. It will help you to patch up the difference.