Don’t Worry, You Have Auto Insurance
The responsibility of who pays what in Nevada is contingent on who’s at-fault in an auto accident. All drivers in Nevada have an obligation to drive their automobiles safely to reduce any risks of potential accidents. In Nevada, if you are the at-fault driver (the person that caused the accident), then you are responsible to “make whole” the individual or property you hit.
The insurance company and the at-fault driver may be responsible to pay for the damages to the victim’s car, any property damage, lost wages, and injuries (medical bills). The insurance company of the at fault driver would be responsible for the damages caused, UP TO THE LIMIT of their insurance policy. Once the limits of the policy have been exhausted, the at fault driver could be held responsible or get sued to pay the remainder.
If the victim that got hit has “UM/UIM” (uninsured motorist/underinsured motorist), on their policy, this coverage may pick up what the at-fault drivers’ policy lacks. UM/UIM is not required by law to have in Nevada. Underinsured and uninsured motorist means your auto insurance company will cover you for accidents you didn’t cause that the other party didn’t have enough coverage for, or in the event of a hit and run.
All drivers are required by law in Nevada to stop at the scene of an accident. It’s important to exchange insurance information and call the police or fire and rescue if someone is hurt. We recommend taking pictures of damages, reporting the number of people involved, and reporting the details of the accident to the insurance company as soon as possible.
Again, Uninsured and Underinsured Motorist in Nevada is NOT required, however, it is a great addition to your policy.
Let Nevada Insurance Enrollment Help You!
Here at Nevada Insurance Enrollment we will make sure you have the right coverage needed. Talk to one of our licensed auto insurance agents to better assist you.
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You Can Still Buy Health Insurance From a Local Agent
The way health insurance is being marketed may give you the wrong impression that Nevada Health Link is the ONLY place to buy health insurance these days, but that is NOT the case. You can continue to buy your health insurance from the same agents and agencies you’ve always bought your health insurance from.
Is Health Insurance Worth The Cost?
If you experience a more extensive medical emergency and require hospitalization, hospital bills may quickly become a burden. A three-day stay, for example, could set you back about $60,000 depending on what tests are ordered and what happens during your stay.
What is Co-Insurance?
Co-insurance means two parties will be paying for the bill. “Co” means joint, mutual, two, or more. The health insurance company will usually pay the larger amount (example 70%) and you as the member will usually pay the lesser amount (example 30%). This would be considered co-insurance 70/30. This (co-insurance) usually happens AFTER the deductible is met.