Insurance Coverage
Important Accident Insurance Definitions
Injuries due to a serious auto accident are normally covered by a combination of health insurance policies and auto insurance policies. Compensation for pain and suffering, lost wages, and medical bills, will be negotiated by the insurance companies and your accident attorney.
The Right Lawyers has attorneys with ample experience in insurance defense. We also have a licensed insurance agent on our staff in order to aggressively negotiate your claim and help you understand the insurance coverage’s that are available.
Important Auto Insurance Coverages
- Bodily injury – Insurance coverage that reimburses for bodily injury as a result of an accident for which the insured driver may be at fault. Nevada law requires all drivers to have at least a minimum $15,000 in liability coverage per person and $30,000 in liability coverage per accident. Liability coverage is for others and not for the insured.
- Property damage coverage – This provides compensation for damages to another person’s property or vehicle. The law in Nevada states that drivers must have a minimum $10,000 in property coverage.
- Medical payments coverage – Regardless of who is at fault, this coverage will pay for medical expenses of the driver and passengers that are the result of a accident.
- Uninsured motorist coverage – If the other driver is found to be at fault and does not have insurance or his insurance does not cover all of your expenses, uninsured motorist coverage will pay for your. You are advised to have a minimum of $50,000 or $100,000 in this coverage.
- Comprehensive coverage – This will pay for damage to your car caused by vandalism, theft, fire, flood, and other covered perils.
- Collision coverage – This pays for damage to your car in an accident. If you did not cause the accident, your insurance company may repair your vehicle and then recover from the at fault drivers insurance for reimbursement.
- Emergency roadside assistance – This coverage will protect you for problems such as changing a flat tire, towing from an accident, jump starting a dead battery, or being locked out of your car.
Rental reimbursement coverage – If your vehicle is not drivable after an accident, rental reimbursement will pay for a portion of or all of your rental vehicle costs. Your insurance company may pay to repair your vehicle and then recover the loss from the other drivers insurance.
Important Health Insurance Definitions
- PPO – A health plan which allows you to choose a specialist or doctor or within a certain network. The network of doctors under this plan is normally larger than an HMO network. You will be responsible for co-pays, coinsurance and a yearly deductible. You can also use any licensed non-plan provider, if you choose an increased coinsurance payment and/or deductible.
- HMO – Under this health plan you are assigned a primary physician. The primary physician coordinates and refers you to specialists. There is no yearly deductible and you are only responsible for paying co-pays.
- POS – Through this health plan, you are able to choose between an HMO or PPO network at the point of service.
- Deductible – The yearly amount you are responsible for paying before your health plan will reimburse for medical expenses incurred. Typically, your deductible is between $500 and $1500 a year for each person on the plan.
- Co-Pays – The amount you must pay for doctor visits. Co-pays are normally between $20 and $50. This amount does not count towards your yearly deductible.
- Co-Insurance – After your yearly deductible is met, the co-insurance is the percent of the medical bill that you would have to cover. It is common for this amount to be 20 percent with a yearly maximum of $1500 to $3000 per person.
- In-Network – A health provider is considered in-network if they have accepted the negotiated rate sheet. This gives in detail what an insurance carrier will pay for a specific medically covered procedure.
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