When deciding which auto liability limits to select on your auto insurance policy, your premium should be secondary. Your primary thought in selecting your liability limits should be protecting your assets and yourself from potential legal liability and avoid exposing yourself to costly lawsuits or judgments. Minimum insurance limits should only be selected if that is truly all you can afford. Once your budget allows, be sure to increase your limits and also consider purchasing an umbrella policy. It is not as expensive as you may think and it could save you during a claim!
When you choose one auto insurance policy, you’re not committing yourself forever to that particular type of coverage. On the contrary, auto insurance is fluid because it has to be. When you need an updated policy, it can conform to a new car, new neighborhood or even just new priorities. See how yours stacks up if you live in Marietta, GA.
Keeping It Real
Your insurance policy is probably not as inclusive as you think. If you were hit by a driver who cowardly sped off into the distance before you knew what had even happened, you might reach to call your insurance company. But most policies don’t include hit-and-runs. If you chose the bare minimums when it came to your policy and you cause more than $25,000 in property damage in an accident, you’ll be on the hook for the extra money after the limit has been reached. Without knowing these details, people can often feel like they’re more protected than they are. Just because a cop can’t take you to jail because you technically have what you need to be legally on the road, it doesn’t mean that you have enough to keep yourself financially secure.
LG Insurance Group Can Help You
It’s our agency’s job to make the people of Marietta, GA more comfortable with their auto insurance, so call us today if you’re feeling like your policy doesn’t quite stack up to where it needs to be. This is the time to get answers to your questions about what’s covered and how it will impact your monthly budget. LG Insurance Group knows that this type of long-term planning is what can save people’s bank accounts when it counts the most. Call us today to find out more!