Shopping around for insurance
There are many reasons why we should be shopping around for insurance before making a final decision to purchase it. First of all we want to make sure we work with knowledgeable agents and brokers who can give us a good explanation of available coverage. It is our responsibility and not the responsibility of the insurance company or the agent to determine either the type or amount of coverage we need. It is very important to have a detailed conversation with the agent we are working with and ask all the necessary questions on existing coverage. Having the right coverage will not seem as important until we get into an accident. That is when we start getting worried and getting upset for not purchasing more coverage originally. Just a couple of dollars difference a month can protect us much better in case of any accident that may happen to us, whether we are at fault or not. But how should we know if the coverage is enough? This is when we should make sure to do some research and also ask as many questions as we can think of to our agents. When deciding which coverage to purchase we should not be concerned about how much it is going to cost us, but we should be highly concerned about how well the coverage can protect us. It is always cheaper and more affordable to buy a minimum state required coverage, but is it cheaper to get involved in an accident and find out that the minimum coverage cannot cover the damages or the bodily injuries caused by the accident? Who can we blame at that point but us? Going over the required coverage even for a little can be very beneficial if anything were to happen, but if we have assets that need to be protected then our insurance coverage should be very high. We do not want to be personally responsible for damages that can be above the policy limits that is why we should consider purchasing liability insurance with higher limits and not stick to the minimum required by law. It is better to pay extra premium than face increased cost of hospital bills, medical care, and of course car repair. We should also apply high coverage to the uninsured motorist coverage for the same reasons that are listed above.
Be safe, drive safe, protect yourself and others