Have you been seriously injured in a bike accident? You are probably wondering what bike accident insurance coverage you are going to be able to use. Here is what you need to know.
Bike Accident Insurance Coverage | Using Your Own Coverage
If you’re here, chances are you were involved in an accident where you were riding a bicycle and you were struck by a motor vehicle. One of the questions that I’m often asked is, “Do I have a claim against my own insurance company?” This is a situation where I have clients who own motor vehicles and they want to know if they should pursue a claim with their insurance company. The answer is first, you want to put them on notice of the claim because, potentially, yes, but you would first want to pursue a claim against the driver who struck you. If that driver does not have any insurance coverage, then potentially, your insurance company will cover your loss and you want to make sure that a claim is submitted to your insurance company.
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Bike Accident Insurance Coverage | Injuries Worth More Than Coverage Limits
What about a situation where the operator of the vehicle that hit you does have insurance on the vehicle, but it’s not enough to cover your injuries? It could be a situation where the policy is $25,000 – that’s the minimum policy for bodily injury – and your injuries are worth more than that; your injuries are worth, let’s say, $200,000. We would first prosecute a claim and get the most that we can get from the driver’s insurance policy that caused the accident, and then we would pursue a claim against your insurance company for what’s called supplemental underinsurance coverage. That’s assuming that your policy is more than $25,000.
Bike Accident Insurance Coverage | SUM Protection
If you have, let’s say, $100,000 insurance policy with what we call SUM protection, supplemental underinsured motorist protection, we would go after your insurance company for the difference. First, we go after the driver that caused the accident for the $25,000, and then we would go after your insurance company for $75,000.
If you need representation to help you with bike accident insurance coverage, please call our New York bicycle accident attorney today for a free consultation.