As you know, I’m a personal injury attorney in New Orleans and one of the biggest things I think everybody needs to know about is a law that’s colloquially called “No Pay – No Play”. 

Why You Must Have Insurance

Now, what is “No Pay – No Play”? Let’s say you have a car that you have not insured, and you’re driving that car and are involved in an accident that’s not your fault but the fault of someone else who does have insurance. In that case, you would incur the penalty of not being able to recover the first $15,000 of any personal injury claim and a certain amount of your car’s property damage as well. 

This means that even though you’re not at fault, you can come away from that accident with damage to your vehicle that will not be fixed by the other party’s insurance company. You would also potentially forfeit any viable bodily injury claim that you may have. So what’s the takeaway here? Make sure that you have insurance on your vehicle. 

About Uninsured Motorist Insurance

Now, let’s look at the flipside to that. Let’s say you are properly insured and you are hit by someone that doesn’t have insurance and they are at fault. 

That is why it’s incredibly important to have uninsured motorist coverage. There are a few different varieties. They have the regular type, where you get it in the same amount as your liability coverage. 

The Problem With “Economic-Only” Insurance

And then they also have something called “Economic-Only”. I would advise against getting the “Economic-Only” policy because it does not allow you to recover for any injuries you sustained. Instead, you’ll only be able to recover for any financial losses that you sustained such as if you incur any medical bills or if you lose time from work. 

So make sure to get that uninsured motorist coverage in the standard form, in the same amount as your liability coverage and avoid the “Economic-Only” version.

If you have any questions, please feel free to email me. It’s [email protected].