If you’ve ever been in a car accident, you already know the importance of insurance. If you’ve yet to have that experience, you’ll probably find out that a good car accident lawyer and a good car insurance policy are your best lines of defense when you’re hurt in an accident. Here are three things to consider about your insurance and some ways that you might want to consider changing your policy.
1: Liability is not Enough
If you carry the state minimum liability insurance, be aware that there is no money set aside in this policy to compensate you for your own losses. This insurance simply exists to make sure that you’re financially responsible in the event that you damage someone else’s property, or injure them. You should definitely consider carrying a policy that has at least collision protection for your own vehicle and, preferably, comprehensive insurance.
2: Medical Costs
Health insurance is in the news constantly and a great deal of the reason for that fact is because health insurance and healthcare happen to be extremely expensive. It’s a good idea to get some extra coverage for injuries to yourself and other people involved in any car wrecks involving your vehicle. It might add a considerable amount to your policy but, if you can afford it, it might also save you a lot of money in the future.
3: Expensive Cars
If you accidentally slammed into someone’s compact car, your liability insurance will likely be enough to cover the damages. If you slam into someone’s Range Rover, you may well find yourself with a bill you cannot afford. Make sure that you carry adequate amounts of coverage. The state minimums are just that, the absolute minimum amount of insurance you need to be responsible. It’s not necessarily a sufficient amount of coverage to be safe.
Insurance is a basic responsibility for being on the roads. When you’re looking at the various policies available, remember that a lot of the responsibility is to yourself. Make sure you’re not setting yourself up for a situation where you’re going to be sued because you don’t have enough money to cover the damages you may have caused. If you are, be sure you contact a good accident attorney with a lot of experience dealing with these cases. It’s the best thing you can do for yourself.
