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Do You Know Your Car Insurance Coverages?

September 16th, 2013 Auto Accidents,Personal Injury

I taught a paralegal course and asked the students about the insurance coverage they carried on their cars and trucks. To my surprise, most students did not know what types of coverage they carried and the amounts of each form of coverage. I hear the same thing when I ask my clients the same thing. Their responses are generally that they carry “what the law requires” or “full coverage,” not really understanding what these phrases mean.

Arkansas law requires that you carry not less than $25,000 for the bodily injury or death you cause to another, $50,000 for bodily injury or death to two or more persons and $25,000 for property damage that you cause. Obviously, if you carry these minimum limits and you cause serious injury or death to another, your insurance will not even come close to compensating the person or family that you have harmed. Or, if you cause an accident and total the other driver’s new $75,000 Mercedes Benz, your minimum coverage will leave you with a $50,000 bill once your insurance pays the $25,000.

There are other coverage types available, such as medical and disability income (PIP), collision and comprehensive, and uninsured motorist and underinsured motorist coverage. Usually, an insurance agent does not sit down and explain all of these coverage and tailor a policy to your needs.  They frequently just give you quotes for each package and expect you to know what they are telling you.

As a free service to the public, we would be glad to discuss the various forms of coverage and explain how each may benefit your needs. Some car accidents can destroy a person’s finances or force them into bankruptcy even if they were not at fault. Don’t let this happen to you.

If you have questions regarding insurance coverage, call Nolan Caddell Reynolds at 479-782-5297 or toll free at 1-800-709-5297. You can also find us online at www.nolancaddellreynolds.com.

Typically I don’t leave much feedback for services rendered, however, in this particular case I think everyone needs to know about my experience with Caddell Reynolds. I have used various attorneys throughout my adulthood for various reasons. Recently I retained an attorney, Joel Hargis, from this firm. If anybody is just satisfied with meeting expectations you need to consider this firm for exceeding expectations. This attorney and his staff far exceeded any expectations I had at the onset. Tammy was amazing in making me feel comfortable with the various entries and documentation needed. Mandy goes above and beyond in being responsive to questions and needs. An example which has never happened to me before with any law firm, was I sent an email late Saturday night requesting an appointment and information and on Sunday I got a response back. What law firm does that? Never in my experience has that ever happened to me. Joel is absolutely amazing. He doesn’t circumvent the law he explains the law that any novice can understand. He left no doubt in my mind of his knowledge, his experience, his attention to detail, and his overall diligence in making sure that I was going to be represented in a manner that my confidence level in my particular case went up 150%. I very much recommend this law firm and if the rest of their legal team is as good as the one I retained within this firm they will go far in servicing any client that needs representation. Amazing and astounding don’t really define or describe how I feel. One word comes to mind, indescribable!

John T