Relying on state auto insurance minimums will leave you underinsured.
As a car owner, you know how important it is to have auto insurance protections. However, you might not know exactly how much insurance coverage you actually need. This means that you might be underinsured without even realizing it. Here’s how you can tell if you are underinsured and how you can secure the additional auto insurance you need.
In reality, there is no set coverage limit that divides the well-insured drivers from the underinsured ones. Each driver has their own unique risks that require their own insurance solutions. That being said, if you are relying on an auto policy that only offers you enough coverage to meet state insurance minimums, you are probably underinsured.
Policies that only offer you insurance minimums have low coverage limits and very few coverage options. While these minimums might offer some coverage for a claim, they probably will not offer enough to cover the claim completely. This would leave you financially responsible for anything that your insurance does not cover. Rather than leaving yourself this vulnerable, you should secure the additional auto insurance that you need.
Securing Additional Auto Insurance
You should speak to your insurance provider and ask them how you can secure the comprehensive car insurance that you need. For instance, should ask them about increasing your policy’s coverage limits. If you are not sure how much to raise them, your agent should be able to offer you different options and explain how each will affect your premiums. Additionally, you should ask about securing other coverage types such as collision, comprehensive, and medical payments. By taking these steps, you can secure the auto insurance you need to stay safe.
Do you have further questions regarding your auto insurance? If so, contact the experts at Scavone Insurance in White Plains, New York. Our dedicated team is ready to assist you with all your coverage needs today.