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A car accident, no matter how minor, is always a stressful event — which can be made worse if one party does not have insurance. Here’s what to do after an accident with a driver who does not ...
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The insurance company will ordinarily pay the judgment, up to the policy limits, once a court determines that an uninsured motorist was at fault. Some states' laws also allow additional insurance coverage to the insured policyholder through policy stacking provisions, whereby a claim may be made against multiple uninsured motorist policies.
For instance, if your car's value has dropped to $25,000 but you still owe $30,000 on your loan, gap insurance would cover that $5,000 difference if your car is totaled or stolen.
Reason for penalty. Fee amount. Driving without insurance (first offense) $1,500. Driving without insurance (second offense) $3,000. Lapse in insurance coverage
No-fault systems generally exempt individuals from the usual liability for causing bodily injury if they do so in a car collision; when individuals purchase "liability" insurance under those regimes, the insurance covers bodily injury to the insured party and their passengers in a car collision, regardless of which party would be liable under ordinary legal tort rules.
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