How Much will your Insurance Company Cover You For After A Haymarket Virginia Car Accident?
Insurance policies can be confusing – I think we both know that. Reading through it may not be exactly easy, but what about finding the essential pieces of coverage in your policy? This can be a challenge too, especially when you’re looking for the most important component to your policy coverage. When you do finally sit down and review your current policy with your insurance agent, make sure that you have your liability limits where they NEED to be, high above the legal limits! If there was to be a car accident and you needed the best board certified personal injury attorney in Haymarket, you may still not even be in a good position if your liability limits don’t cut it!
The legal limit doesn’t cover you. Yes, you technically have coverage if you purchased a basic policy with the legal limits, but don’t let that fool you. Just because the Commonwealth of Virginia requires a policy with 25/50/20 limits, doesn’t mean you will even be covered for a single Haymarket car accident if it’s bad enough! If you are covered for that first accident on your insurance policy, your limits will be exhausted for the remaineder of the term!
Does your agent even care? Your agent works on commission, that’s just the way the industry is. Unfortunately for you, they collect the bulk of their commission from the sale of the policy itself and by adding on a few things. If they don’t insist on the highest limits when first purchasing the policy or at your mid-year review, odds are they just don’t care. The additional commission they collect is minimal at best, and is probably so small that it really doesn’t bother them if you have a gap in coverage with your liability!
It costs very little for good coverage. As crazy as it may sound, the leaps in liability limits cost very little to you. To boost your Geico policy from $25,000 in coverage to $250,000 is as little as $33 per month. Additionally, for your Progressive policy to take this same jump costs about $35 a month!
Get with your agent, and make sure that the right coverage is in place! In the mean time, I wrote a book for you that will help you know the basics when buying car insurance.
This information and much more can be found in our consumer guide,The Five Deadly Sins That Can Wreck Your Injury Claim. To get access to a free chapter of this guide, please click on this link. You will learn crucial information on personal injury cases that may be related to your claim. If you have a question for Ben, you can submit it confidentially online at JustAskBenGlass.com.