Wherever there are two or more gathered the topic of insurance comes up - perhaps this is a mechanism to clear the room of unwanted guests... But in the conversation there is one general theme: why are my rates so high and what is all of this coverage? The first question is one that is easily answered. Give us a call and let us see what we can do. All I have to say is that since the first of the year we have saved significant premium dollars for our new clients who were previously insured with USAA, Allstate, State Farm and Farmers. But enough of us tooting our horn.
Now what are all of those different coverages on your auto policy? Well, there can be as many as 7 or 8 different coverages. Not everyone needs them all, but we will save that conversation for another day.
Let's look at liability coverage. This protects you when you do something bad - cause an accident or run over a pedestrian, for example, and that person comes after you for every dime they can get. Lower liability limits leave your ass(ets) exposed to an uncovered claim, and that always makes me nervous.
Higher liability limits protect your assets. While they may cost you $100-$200 more each year, how much of an attorney's time can you buy with those savings? Maybe 45 minutes. That isn't nearly enough time to get your claim resolved.
So when you look at your policy, take a close look at your liability coverage as it is probably the most critical element of your auto coverage. You need to take a moment to understand your coverage and your risk. If we can help, give us a call!