Many drivers are unaware of conversion coverage, a valuable addition to auto insurance that can significantly impact compensation after an accident.
What is Conversion Coverage?
Conversion coverage is an optional endorsement that prevents the reduction of your UM/UIM benefits by amounts received from the at-fault driver’s insurance. Without this coverage, your insurer might deduct the at-fault driver’s payment from your UM/UIM limits, reducing your total compensation.
- Connecticut Law: All auto insurance policies in Connecticut are required to include UM/UIM coverage equal to the liability limits unless waived in writing.
The Importance of Conversion Coverage
Consider a scenario where your damages total $100,000:
- The at-fault driver’s insurance pays $50,000.
- Without conversion coverage, your UM/UIM insurer could subtract this $50,000 from your $100,000 UM/UIM limit, leaving you with only $50,000 in total compensation.
- With conversion coverage, you receive the full $100,000 from your UM/UIM policy, in addition to the $50,000 from the at-fault driver’s insurer, totaling $150,000.
Action Steps
- Policy Review: Check if your current auto insurance policy includes conversion coverage.
- Consultation: Discuss the benefits of adding this coverage with your insurance agent to determine if it’s appropriate for your situation.
Don’t overlook the benefits of conversion coverage in your auto insurance policy. Reach out to Hastings, Cohan & Walsh, LLP today for a free consultation. Our experienced Connecticut personal injury attorneys can help you understand your policy, protect your rights, and ensure you receive the compensation you deserve. You pay nothing unless we win your case.
Whether you’ve been injured or you’re seeking justice for a loved one, you don’t have to face this alone. Contact a trusted Connecticut personal injury lawyer to guide you through the legal process and fight for the justice and compensation you deserve.
If you need help, call 203-438-7450 to schedule your free consultation today or visit catherinev2.sg-host.com.