Auto or car insurance coverage has two parts. The first is the liability section of the policy. It covers your financial responsibility for injuring others. Some liability coverage is required by most states.
The second part of auto insurance covers the car itself: comprehensive coverage reimburses losses from fire, theft or other perils; collision coverage pays to repair losses caused by an accident. Often this coverage is mandated by leasing companies or banks. There are also medical, car rental, towing, and other coverage which vary by state.
Utilizing high deductibles on the physical damage coverage can help reduce premiums.
If you carry an Umbrella policy, which is generally for $1,000,000 or more of excess liability, you must be sure that you carry the required amount of basic liability insurance to avoid a gap in coverage for a serious accident.
Most of the companies we offer here at the Dean Hill Agency require limits on $250,000 per person and $500,000 per person for injuries to others, as underlying limits of the Auto policy.
If you don’t already have these limits, or you think you should have an Umbrella policy, you need to be coming in for a review of your policies.
Click here to contact us, to set-up a time for a review of your policies.