Required automobile insurance coverage amounts in Virginia
For all policies effective on or after January 1, 2022, minimum automobile liability insurance coverage has increased from $25,000.00 per person to $30,000.00 per person, and the per accident limitations have increased from $50,000.00 to $60,000.00. This means that for a minimum coverage policy in Virginia, an insurance company will pay up to $30,000.00 per injured party, but no more than a total of $60,000.00 for all injured parties in a single accident.
The minimum coverage amounts for uninsured and underinsured motorist coverage has also increased, with the same minimum limits. This means that policies issued in Virginia must provide uninsured and underinsured motorist coverage in the amount of $30,000.00 per person but no more than $60,000.00 for all injured parties in a particular accident.
Unfortunately, yes. An owner of a vehicle can elect to pay a $500.00 Uninsured Motor Vehicle (UMV) fee to the DMV. Upon payment of the fee, the owner can then legally operate the motor vehicle on the roadways of Virginia, but the vehicle has absolutely no insurance coverage. Some people are so irresponsible as to simply elect not to pay for insurance or pay the UMV fee. This is why uninsured and underinsured motorist coverage is so important.
Uninsured motorist coverage provides you with a source of recovery in the event that you are injured by an uninsured driver. Underinsured motorist coverage provides you extra protection when you are injured by a negligent driver who does not have as much insurance coverage as you do. For example, if the negligent driver only has the minimum amount of liability coverage of $30,000.00, and you have underinsured motorist coverage of $100,000.00, the negligent party's insurance company will pay the first $30,000.00 of your claim and your insurance coverage will pay the next $70,000.00 of your claim (to get your total recovery to $100,000.00).
There are a number of different ways that you can be covered under uninsured/underinsured motorist coverage. We know how to tap into the various types of coverage, through differing sources of coverage that may apply to your particular claim. Sometimes the most important aspect of a personal injury claim is the amount of the insurance coverage available for recovery.
Uninsured/underinsured motorist coverage is just as important as liability insurance coverage on your policy. Liability insurance coverage protects you when you have caused an accident. Uninsured/underinsured motorist coverage financially protects you and your family when you have been injured by an uninsured or underinsured motorist.
If you have automobile insurance required by the Commonwealth of Virginia, you have both a claim and a recovery. Your claim will be against the driver who caused the collision. And your own insurance company will compensate you for your injuries from you uninsured motorist coverage.
Our attorneys have had decades of experience in handling personal injury and wrongful death claims. We know the right questions to ask in locating and discovering all available insurance. And once the insurance policies are discovered, we know how to coordinate benefits and stack coverages, sometimes between policies and sometimes within policies. Please do not rely upon an insurance adjuster to advise you as to what types of coverage are available for your claim. That simply is not the adjuster's job. Again, an adjuster's job is to minimize or eliminate your claim altogether.
If you have been injured by the negligence of another, please contact us and let us assist you on your claim.
It is important to remember that uninsured motorist claims will not affect your own premiums. By working with an experienced uninsured motorist claims injury attorney, we can fully explore your coverage to ensure you receive the proper compensation. The attorneys at Heath & Verser, P.L.C., are experienced in recovering all forms of available insurance coverage.
$5.1 Million Auto Accident with TBISettlement of automobile accident personal injury claim with traumatic brain injury.
$3.6 Million Auto Accident with TBISettlement of automobile accident personal injury claim with mild traumatic brain injury.
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