The new year is a good time to reevaluate your vehicle insurance needs.
We are inundated with ads for companies selling minimum limits insurance.
The latest is a commercial in which the narrator says "your neighbor
drove his car through your house. Thankfully he had minimum limits insurance
from ****."
Frankly I would not be happy to have the insurance adjuster tell me that
she is sorry that only a small part of my damage will be paid because
there was not enough insurance. Vehicle insurance protects you when you
cause a wreck and, maybe more important, protects you if you are hit by
an uninsured or underinsured driver.
Imagine you accidentally cause a wreck causing a life-altering injury
to a child. Now imagine that an uninsured driver causes such an injury
to your child. In either situation you need to have as much vehicle insurance
as possible. The minimum limits ($25,000.00 in Tennessee) will do little
to protect you.
Insurance is relatively cheap. Take five minutes this new year and call
your agent. Remember that minimum limits equals minimum protection.
It's The New Year: How Much Insurance Do You Have?
Posted By
Patton & Pittman