How much auto insurance should you have? Spartanburg, South Carolina car accident attorney Rob Usry explains how it's not about saving a few bucks on the premium, it's about protecting your assets—and yourself—if you're a victim of an accident.
Transcript
Here's a question comes up about car crashes before they ever happen: “how much auto insurance should I get?” The answer that is as much as possible. If you don't carry enough liability insurance and cause a crash that hurt someone they could go after your personal assets if you don't have enough insurance. Now that's very rare and lawyers don't like to do it but you can choose to basically end your exposure to that by purchasing as much liability insurance as possible.
Here’s another reason to get as much liability insurance as possible. we talked a lot on this website and in our little report called I Just Got in a South Carolina Car Crash, Now What about under insurance which protects you when you get hurt by an at-fault driver doesn't have enough liability insurance. The amount of under insurance you can get is limited to the amount of liability insurance you have. So if you've only got twenty five thousand dollars a liability insurance you can only get twenty five thousand dollars of under insurance to protect you and your family. The same is true for uninsurance which you use when you're the victim of a hit-and-run or when the at-fault driver doesn't have any auto insurance.
So the moral of the story is this: the law isn't going to let you protect yourself more that you protect your neighbor. Get more liability insurance to protect your neighbor so you can get more under insurance and uninsurance to protect yourself. When you look after your neighbor you look after yourself. Get more coverage it's a win-win for everybody. Thanks so much for listening and for thinking about this with me.
|
Related links: |
