auto insurance: how do you know if you have enough coverage?
TRANSCRIPT
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Auto Insurance: How Do You Know If You Have Enough Coverage?
Having car insurance when you own
a car is an absolute must in the
United States. However, the
amount of insurance you are legally
obligated to purchase varies from
state to state. For many people,
insurance jargon may as well be
written in ancient Greek, but
making sure you’ve got enough
coverage is something every driver
should understand. How do you know if you have enough insurance
coverage?
In most cases, a driver must purchase liability insurance in order to be on
the road legally. In order to be sure, check with the DMV in your area to find
out exactly what you require. Liability vehicle coverage can protect you in
the case of an accident from the cost of damage caused if you are the
responsible party. In many states, if you rear-end someone when coming to
a stop, then you are automatically at fault and are therefore responsible for
any damage to the car you have hit and the medical expenses of its
occupants. This type of situation is just one example of when liability auto
insurance coverage will come into play to protect you.
Liability insurance and property damage is mandatory throughout the United
States, and each state has its own mandated minimums. It's important to
note though that the minimum required by the state for liability insurance
often isn't enough to cover damages in a medium-level collision, let alone a
serious collision.
When most people go shopping for liability car insurance, their main concern
is finding a premium that is the most affordable each month. While the
minimum liability insurance may help you with your personal monthly
budget, it may prove disastrous in the event of a very serious accident
where there is a great deal of damage to the other car and medical bills turn
out to be very high. You may want to consider purchasing additional
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insurance to cover you in case of something more serious than a fender-
bender.
For quality, affordable car insurance, contact Steely & Smith Insurance. We
can answer any of your questions today, so feel free to call us at today to
talk to one of our experts.