Being in an auto accident can really mess up your day-to-day life. After a crash, you may be injured or have serious damage to your car. You may be wondering what is covered and what is not. That depends on your insurance policy limits.
Insurance Policy Limits | Adequate Coverage
My clients often ask, “What’s the importance of insurance limits, and how do they interplay with their claims?” There are limits of insurance that cover the person who caused the injury or accident. When you’re in a car accident, you have insurance limits that you carry under your own policy to protect you in case that person is either underinsured or uninsured. Just focusing on that one, small issue today, we can talk about the importance of keeping adequate coverage on your own policy to cover your family in the time of need.
Insurance Policy Limits | Buying Insurance
A lot of insurance agents will explain this to their clients, but many won’t. Especially in this day and age of buying insurance online and getting the cheapest quote, what you don’t understand is that there are little riders. You could pick to choose whether or not you want rental coverage, how big your deductible is, how much you carry in no-fault limits, and you also choose what you are uninsured or underinsured limits are to protect yourself.
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Insurance Policy Limits | Uninsured Motorist Benefits
That’s critically important because if you’re struck by somebody who leaves the scene, or by somebody who has no insurance, or someone who has minimal insurance limits, you can still get a very important and significant recovery if you protect yourself through the purchase of supplemental uninsured/underinsured motorist benefits. People who price these limits out are often surprised at how cheap they are in comparison to any of the other coverages they’ve already purchased.
If you have any further questions about insurance policy limits, please call our Buffalo office for a free consultation.