The commercials are on the radio, the television and on the internet. “Don’t spend your hard earned money on auto insurance”….come to “cheap insurance” and you can get the coverage for pennies on the dollar. There is always something better or more gratifying to spend your money on other than car insurance, but you must ask yourself if these policies are all the same and what happens if you and your family are in a wreck.
There are many different parts of car insurance: medical coverage (known as PIP), property damage coverage, Liability coverage, uninsured/underinsured motorist coverage, limitation on lawsuit thresholds, etc. It is intentionally confusing to the regular person in the hopes that they will select the type of coverage that gives the insurance company the most profit.
Liability coverage is insurance for damages caused by the negligence of you or any permissive user of your automobile. Simply put, if you are the cause of a car crash, this is the part of your policy which pays the people for injuries and/or property that you have caused damage. The amount of coverage you choose is important because if your coverage is too low, you may be personally responsible for additional damages you may cause.
We never expect to get into an accident, therefore, your instinct is to purchase the least amount of insurance you can. This is very dangerous. You should purchase at a minimum the amount to cover all of your assets should you cause an accident, and sometimes more. The good news is that the increase in limits brings a small price tag. Ask your insurance company for a quote….you will be surprised! Do your self a favor, call your insurance carrier and ask for the price to raise your limits to the next level.
If you have any questions about your existing automobile insurance policy or how to select the right coverage, call the lawyers at Javerbaum Wurgaft, they are happy to assist you in this maze.
If you or a loved one has been injured in a motor vehicle accident contact the lawyers in the personal injury department at Javerbaum Wurgaft Hicks Kahn Wikstrom and Sinins. We are here to help.