Standard and Basic Policies

	The Dollar-a-Day policy is a new initiative to help make limited auto insurance coverage available to drivers who are eligible for Federal Medicaid with hospitalization. Such drivers can obtain a medical coverage-only policy at a cost of $365 a year. For more information, call the Department of Banking and Insurance at 1-800-446-7467.

There are two common types of auto insurance policies in New Jersey. They are referred to as STANDARD and BASIC. Both offer options as well.

STANDARD POLICY — The Standard Policy provides a number of different coverage options and the opportunity to buy additional protection. The Standard Policy is the type of policy chosen by most New Jersey drivers.

BASIC POLICY — The Basic Policy usually costs significantly less than a Standard Policy, but provides limited benefits. It is not for everyone, but it does provide enough coverage to meet the minimum insurance requirements of New Jersey law. The Basic Policy could be an option for those with few family responsibilities and few assets to protect (including income from a job).

A Basic Policy is offered solely by NJRe. To request a Coverage Selection Form for a Basic Policy, call NJRe toll-free at 1-800-882-6573.

See chart below for differences between the STANDARD and BASIC policies:

	COVERAGE				STANDARD POLICY (NJM or NJRe)				BASIC POLICY (NJRe only)
	LIABILITY COVERAGE				As low as: $35,000 Combined Limit (NJRe) $100,000 Combined Limit (NJM) As high as: $500,000 Combined Limit				Bodily Injury Liability Coverage: not included, but $10,000 for all persons, per accident, is available as an option. Property Damage Liability Coverage: $5,000 per accident
	PERSONAL INJURY PROTECTION				As low as: $15,000 per person or accident As high as: $250,000 or more Up to $250,000 for certain injuries* regardless of selected limit				$15,000 per person, per accident Up to $250,000 for certain injuries*
	UNINSURED/ UNDERINSURED MOTORIST COVERAGE				Coverage is available up to amounts selected for liability coverage				None
	COLLISION				Available as an option				Available as an option
	COMPREHENSIVE				Available as an option				Available as an option

*permanent or significant brain injury, spinal cord injury or disfigurement or for medically necessary treatment of other permanent or significant injuries rendered at a trauma center or acute care hospital immediately following an accident and until the patient is stable, no longer requires critical care and can be transferred to another facility in the judgment of the physician.