We often hear drivers talk about having “full coverage insurance”. But what does that mean exactly? In the State of Arkansas, there are several auto insurance policy provisions that you should make sure to maintain to ease the stress inevitably caused by a car accident.
Auto Liability coverage is mandatory in the State of Arkansas. Drivers are required to carry a minimum of $25,000/$50,000 in liability insurance. This means that if you are at fault in an accident, your insurance carrier will pay a maximum of $25,000 to any one individual involved in the accident, up to a total of $50,000 paid to all individuals involved in the accident. Liability coverage may help pay costs for bodily injury to another driver as well as for property damage caused to another vehicle in the accident.
Uninsured Motorist Coverage
If you are hit by a driver who does not have a liability insurance policy, uninsured motorist coverage will help pay for your medical bills and necessary repairs to your vehicle up to the policy limit that you choose.
Underinsured Motorist Coverage
If you are hit by a driver that is underinsured, meaning the at-fault driver does not have liability coverage with limits high enough to compensate you for your injuries in the accident, then your underinsured motorist coverage on your own policy would kick in to help make sure you are compensated for all damages suffered in the car accident.
Medical Payments Coverage
If you or your passengers are injured in a car accident, medical payments coverage on your policy will help pay for the costs associated with the injuries. Medical payments coverage is optional in Arkansas, but all drivers should make sure this coverage is on his or her policy. This no-fault coverage is important to make sure your medical bills can be adequately covered upon the conclusion of your case.
Car accidents can bring about unnecessary stress through no fault of your own. Click here to learn more.
Contact us today if you have been involved in an auto accident so one of our team members can assist you through the process.