Auto Insurance – Are You Risking Your Financial Future?
Auto Liability Insurance limits are dangerously low under most Insurance policies
When was the last time you had your auto insurance policy reviewed by an Independent Agent? You may ask "Why do I need an Independent Agent to review my truck, van, or car insurance policy"? Two reasons: professionalism (quality) and choice (savings). Most auto insurance companies can only show you one insurance company's quote – theirs!
When you call our insurance offices located near Reading, PA, we review your individual needs and tailor a plan to provide the auto insurance protection you need at the best price. You will receive competitive quotes from at least three high-quality, price-competitive car insurance companies from our extensive list of competing insurers. This competition typically results in a lower price and higher level of protection than you can achieve from a single motorcycle, RV, truck, van, or car insurance company.
Car Insurance Coverage – How Much is Enough?
Almost daily we counsel people who come to us with auto insurance limits that are so low that they are literally risking their life savings and their financial future. The first question to consider is the total value of your assets, and whether you want to be fully or partially protected against loss. If you are at-fault in an auto accident and sued, what award could you reasonably be facing? Many people carry $100,000 of auto liability insurance protection per person for bodily injury. Consider this: if you become responsible for permanent injuries to another, then a $100,000 limit for bodily injuries may be woefully inadequate, and could result in severe financial hardship for you and your family for years to come. Increasing your car insurance coverage to the proper level can make all the difference should a major accident occur.
For example, many people earn $100,000 or more annually, and if you are responsible for another's inability to work for the next 10 years, they may receive a $1,000,000 award for which you would be responsible. With only $100,000 of auto liability insurance coverage, the injured party’s attorney will be going after your personal assets to cover the $900,000 balance. One accident could permanently change your financial future.
Beyond Bodily Injury Liability Protection
Bodily Injury Liability Insurance is the most important form of car insurance protection you need to review, but it certainly isn't the only one. Property Damage Liability to cover an accident with an expensive car, van, bus or truck is almost as important. Uninsured Motorist protection, Medical Expense, Loss Wage coverage, Comprehensive and Collision are all important auto insurance protections that you need to have reviewed and that you should understand.
Call American Insuring Group LTD for a free auto insurance review to ensure you have the right level of protection to guard against a life-changing financial loss. Our professional car insurance agents are available at (800) 943-2198.
For an instant online insurance quote for your car, van, truck, motorcycle, or RV, please click below. Located near Reading, PA in Berks County, we also serve Philadelphia, Lancaster, York, Harrisburg, Allentown, and points beyond. Call or click today.
David Ross is the president of American Insuring Group, Ltd., a full-service insurance agency located near Reading, PA in Berks County.