Many of our clients don’t find out that they do not have enough car insurance coverage until they have been in a life-altering accident and it is too late.
Basic coverage that you need to have:
Bodily injury coverage -
This is the normal insurance that is required by law. This covers the cost if you do damage to another. The normal logic is that you need to insure yourself well enough to cover your assets because they are on the line. But the real importance of having higher limits is not just in case you harm someone else, but it’s the way that these limits are tied into your uninsured and underinsured policy limits. Your bodily injury insurance does NOT insure you for any harm that comes to you!
Uninsured and underinsured motorist coverage – This safeguards you when the other driver cannot pay for your damages, either because they are uninsured or underinsured. Without it, you can only collect up to the limits of the other drivers insurance. Those who choose to drive without insurance or just the minimum required, can actually get off without paying for your losses!
Medical payments coverage – Here, your car insurance offers a small amount of medical insurance. The advantage of this insurance is that it has no plan or group limitations. Also, it is available to use during the course of your medical treatment rather than having to wait until after the case has settled, so it really helps with medical bills.