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Personal Injury Protection Insurance Coverage – What and for Whom

Personal injury protection insurance is the insurance that takes care of personal injuries in automobile accidents, regardless of who is at fault. It also covers you if you are a pedestrian injured in a traffic accident. This is a convenient and important form of insurance because it doesn’t require the establishment of blame for an accident before paying. Therefore the bills are paid more quickly and the injured parties don’t have to wrestle with the insurance companies or with a lawsuit to establish who pays for whose bills.
To better explain, if you are in an accident and need to go to the emergency room, no matter whose fault the accident was, the personal injury protection insurance will be what helps pay for those bills. Anyone who has had to pay for medical care will tell you that you need to have some way to pay those bills if something ever happens requiring you to be in the hospital or have large medical procedures. Even smaller procedures can be extremely costly. However, personal injury protection insurance is not necessarily required if you have other means of paying for that, including good health insurance coverage or other financial means.
Personal injury protection insurance is not usually required as a part of automobile insurance, but must be offered to you by the company you are buying insurance from. It should be noted, however, that certain states do require policyholders to buy this insurance coverage, including Colorado, Delaware, Florida, Hawaii, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Oregon and Utah. Personal injury protection insurance is a good idea for those whose health insurance either doesn’t cover car accidents or won’t cover large bills.
This type of insurance varies from state to state and company to company, so it is important to know what you are getting when you sign up for it. Some companies and states offer insurance for just the policyholder, while others offer it for passengers or the people in the other car as well. You will want to take into consideration these high benefit types of insurance, especially if you often carpool or have passengers in the car. Different insurance companies also include different things in their personal injury protection insurance benefits. Some companies only pay for the medical bills and costs for their policyholders, while others will pay for more benefits, including funeral expenses, missed work, and more.
Personal injury protection insurance can be a great aid in making sure you are covered in the event of an automobile accident. However, the premiums can be costly, so you should be sure to check your existing health and other insurance policies to make certain it will be useful to you.…

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Law Dictionary

Errors and Omissions Insurance – A Professional Necessity

A profession may be lucrative enough but it can also be the cause of unexpected expenses. This usually happens when mistakes occur in the giving of one’s professional service. Even with the education and training, a professional may still commit errors that can lead to damage claims. After all, human beings are always prone to commit errors and omissions. Unfortunately, such monetary demands may be too big it can push someone to the brink of bankruptcy.
No matter how skilled a professional is, mistakes can never be totally avoided. These are like ghosts that will always haunt one even as he tries to focus on executing his job. Since it cannot be completely avoided, the best measure to be taken is to prepare for possible expenses that will be incurred in such cases. Being insured under an errors and omissions policy is necessary.
This type of insurance is a guarantee that there is always enough money needed to satisfy damage claims. For example, doctors who may face suits because of malpractice may not worry about the consequential expenses if they have already prepared money for such events. Even insurance underwriters may need to be covered with it too. Some minor mistakes can be enough cause for litigation, which can cost a lot of money.
Real estate appraisers are definitely just as prone to commit human errors. Any wrongful appraisal that can result in harm to the financial conditions of others may require remuneration. If one is already safeguarded with errors and omissions insurance, so he won’t have to worry where he will find money for the repayment. All that he needs to do is to ask his insurance provider to give him the necessary funds for the said purpose.
The most common use of this type of insurance is for defense claims. Oftentimes, when a client becomes a victim of professional malpractice, his only way to get back his money and reputation is by seeking the protections of the laws to achieve both. Therefore, he may file cases against the professional whom he has an issue with. The professional may want to negotiate with the client first but he will still be required to pay for the claims. Otherwise, he will need money too in order to defend himself in court.
Obviously, the best time to buy errors and omissions insurance is before the practice of a profession is made. Costly mistakes can occur very early in a career. With such safeguard early in place, then these can certainly be covered already. However, this is not an excuse to commit errors again. Otherwise, the worse harm on one’s name is made. This is something that cannot be repaired by insurance policies of any kind.…