Being an Insurance Agent in San Antonio TX, I help people with San Antonio Auto Insurance and San Antonio Motorcycle Insurance. Many customers always ask me how they can protect themselves without having to sacrifice coverage. I’m going to tell you why its important to carry the proper amount of coverage and how to do it inexpensively.
A good friend of mine involved in a really bad accident that totaled her vehicle and caused over $300,000 worth of injuries. The driver who hit her did not have any coverage. When this happens your own uninsured motorist coverage typically kicks in and covers you up to what ever limit you select. Unfortunately she carried a minimum limit of $25,000. This lower limit left her gravely underinsured. The sad thing is her agent never told her she was carrying the minimum.
So what would you do? Sue the guy that didn’t have insurance? Well if he wasn’t carrying insurance you think he will have any money to give you? Probably not. So you need to make sure you do two things. Carry a high enough liability limit to protect you financially and keep you from losing your acquired wealth. I recommend that you match your liability to your financial wealth and any future income. You then need to make sure that you match your uninsured motorist coverage to your liability limit.
For example, if you carry a limit of 300k for bodily injury on your liability then match your uninsured motorist bodily injury coverage to this. This will help ensure that you are covered properly and minimize or remove any gaps in your coverage. If my friend had paid just a few more dollars a month she would not be in the predicament she is in now. She is currently on the hospital’s payment plan for the next 20 years.
You might be saying “I don’t want to pay more for insurance, I just want to save money!” What i say to that is NO PROBLEM.
The quickest way you can save money and get great coverage is to shop with an Independent Agent. A good Independent Agent can broker through multiple insurance companies and get you a great deal on your insurance coverage. Make sure that they also specialize in insurance in your area. Dealing with a local expert can save you lots of cash and get you good coverage at the same time.
So in order to carry the most important coverage correctly and inexpensively you need to:
- Match your Liability limit to your financial wealth and future income, to make it easy remember to speak to a good independent agent that can calculate this for you
- Match your uninsured motorist coverage to your limit of liability
- Speak to an Independent Agent in your area that specializes in Auto or Motorcycle Insurance