Do you have enough auto coverage?
As a driver, you know that you need car insurance. However, you might not know how much auto coverage you actually need to be carrying. If you are like many drivers, you might be underinsured without even realizing it. Here’s how you can determine if you are underinsured and how you can secure the additional auto coverage that you need.
Am I Underinsured?
Truthfully, there is no set coverage amount that delineates well-insured drivers from underinsured drivers. Every driver has their own risk factors that requires individualized insurance solutions. That being said, if your policy only offers you enough coverage to meet your state’s insurance minimums, you are likely underinsured.
State insurance minimums offer low coverage limits and just a few coverage options. While these minimums will offer some coverage for claims, it’s unlikely that they will be enough to completely cover claim expenses. Keep in mind that everything your policy cannot cover will come out of your own pocket. To protect yourself from liability and financial risks, we recommend you review your policy today and make the necessary changes to resolve any coverage gaps.
How Can I Extend My Car Coverage?
Speak to your insurance provider to see how you can increase your coverage. If you are not sure how much to increase your coverage limits, ask for your agent’s professional opinion. They should be able to offer you several options and explain how each affects your premiums. You may also want to ask about securing additional coverages such as collision, comprehensive, medical payments, and so on.
This is how you can tell if you are underinsured and how you can extend your auto coverage if necessary. Do you have additional questions regarding your auto insurance? If so, contact the experts at Westwood Insurance Agency for assistance today.