Virginia Auto Insurance Laws
This short article examines Virginia's automobile insurance principles and requirements, including coverage needs for vehicles functioning in the state. Continue reading the details. (For more information on car accident instances in Virginia, take a look at our compantion article car wreck Laws in Virginia.)
"Fault" Insurance Claims in Virginia
Virginia is a traditional "fault" insurance condition with regards to car insurance and liability after a vehicle accident. This means any person associated with a car accident in Virginia has actually a number of choices in terms of looking for compensation for just about any losings resulting from the crash.
For-instance, a driver, passenger, or pedestrian may want to file an insurance claim with his or her very own insurance carrier. a hurt individual might also opt to submit a 3rd party car insurance claim aided by the various other driver's insurance provider, especially if it seems obvious the various other driver had been "at fault" when it comes to accident. Eventually, an injured person should take the case to courtroom, especially if fault is certainly not clear or settlement negotiations failed.
(Note: "Fault" states change from "no-fault" says in several ways. Should you much of your operating inside Virginia, you will not want to learn no-fault principles. But if you have in mind discovering more info on how no-fault works (various other says along with Virginia's neighbor, the District of Columbia), see No-Fault Car Insurance and State rules: The Basics.)
Auto Insurance Needs in Virginia
Car proprietors in Virginia are not required to buy motor insurance, provided they pay a $500 uninsured car charge into Virginia Department of Motor Vehicles. Observe that this is merely a fee for running an uninsured vehicle in the condition; it doesn't give you the driver with any type of coverage. In the event that you cause any sort of accident while're operating an uninsured car in Virginia, you could see your self really regarding the hook for thousands of dollars in responsibility.
For vehicles being insured, Virginia calls for here minimal levels of coverage:
- $25, 000 per individual for physical injury,
- $50, 000 per accident for bodily damage if more than one person is hurt,
- $20, 000 per accident for property damage.
This coverage will pay for health expenses, property damage, as well as other expenses if you're at fault for a car accident that injures another person or causes injury to their property. This minimal protection doesn't offer protection for the health expenses and/or expenses to replace your vehicle (you can purchase other kinds of car insurance coverage for all those losings).
Additionally, because the insurance carrier is just responsible for spending settlement as much as the limitations specified in your policy, it may possibly be smart to do have more protection. Which is because if you are discovered to be to blame in a catastrophic accident, you will be directly responsible for any repayments far beyond exacltly what the insurance coverage will cover - so greater restrictions can protect you.
Uninsured/Underinsured Motorist Coverage in Virginia
Virginia requires that each and every car insurance include uninsured/underinsured motorist protection in a quantity add up to the policy buyer's obligation protection restrictions, unless the purchaser needs lower UIM limits on paper.
Uninsured/underinsured motorist protection helps "fill the gap" unless you have injury defense (PIP) coverage or you lack sufficient protection to pay for the costs of your accidents, plus the other driver mixed up in accident doesn't have insurance to cover all (or any) of your problems. For more information on uninsured/underinsured motorist coverage, see our articles Uninsured Motorist Coverage and Underinsured Motorist Coverage.