Some auto insurance agents are so hungry for business they low ball your coverage to keep your premium down. Hey, you are a consumer. How do you know any different? Sure the agent gets your business, but have they hurt you in the process?
You save money by skimping on coverage and they earn a commission. Every one is happy, right? Well, maybe everyone but you in the long run.
When you buy a car you are mostly concerned with features: the color, whether it is 2 door or 4 door, how fast it accelerates, is the stereo heart thumping, and the air conditioner blowing cold air.
Let's consider the possibility of an accident.
What happens if you are at-fault in an accident and the other party is injured or worse? Your policy simply takes care of the other party and their injuries, lost income or rehab costs, right. >a href="http://www.choicearizona.com>Insurance Tempe</a?
Let's go back to the beginning. You skimped on coverage. One of those coverages is called Bodily Injury, probably the most important coverage on your auto policy.
BI protects the other person for injuries you cause. It can even reimburse them for lost income. Most consumers carry somewhere between 15,000 - 50,000.
If you hit another vehicle and cause injuries, they will seek damages from you, even if those damages go above and beyond your policy limits for bodily injury coverage.
In that case, you likely will be sued. Do you own a home, have savings/investments or other property?
Ever see attorney's advertising for auto accident victims? You could be on the opposing side without adequate coverage.
BI protects your assets and income by helping ensure your auto policy takes care of the "other" person in the event you are at-fault in an accident.
You might be pleasantly surprised to find out how little it costs to raise your BI coverage.
