New Jersey S1473 increases personal injury protection coverage for basic automobile insurance policies from $15,000 to $50,000 and mandates $50,000.

New Jersey S1473 amends the state's automobile insurance policies by raising the personal injury protection coverage for basic policies from $15,000 to $50,000 per person per accident. Additionally, it requires that standard automobile liability insurance policies provide a minimum of $50,000 in personal injury protection coverage. This bill ensures that injured parties receive more substantial coverage for medical expenses, essential services, income continuation, and funeral expenses. The changes apply to policies delivered, issued, executed, or renewed after the bill's effective date.

New Jersey S1473 increases personal injury protection coverage for basic automobile insurance policies from $15,000 to $50,000 and mandates $50,000.

New Jersey S1473 amends the state's automobile insurance policies by raising the personal injury protection coverage for basic policies from $15,000 to $50,000 per person per accident. Additionally, it requires that standard automobile liability insurance policies provide a minimum of $50,000 in personal injury protection coverage. This bill ensures that injured parties receive more substantial coverage for medical expenses, essential services, income continuation, and funeral expenses. The changes apply to policies delivered, issued, executed, or renewed after the bill's effective date.