Understanding How Much Coverage Is Enough
When you first take out your car insurance policy, you may be tempted to base your coverage limits off the amounts legally required by the state of California, assuming that those levels have been set high enough to provide sufficient coverage. Unfortunately, that is often not the case and can leave you underinsured.
You are underinsured when the coverage from your car insurance policy is not high enough to fully pay for damages incurred in an accident. When you cause an accident that exceeds your limits, you are left paying out of pocket for the remaining costs. Fortunately, there is a way you can avoid this expense.
Talk with your auto insurance agent to create a policy designed to fully cover your unique exposures. That could mean increasing your liability limit so that if you cause a multi-car accident, you are not left paying out of pocket for the majority of the cost. It could also mean including collision coverage to cover repairs to your car, comprehensive coverage to replace it if stolen, and medical payments coverage to ensure you are not hit with medical bills if you or your passengers are injured during an accident.
You can also consider protecting yourself against other underinsured drivers with underinsured motorist coverage. This type of protection ensures that if the driver who causes the accident’s insurance is not sufficient to cover the costs, yours can kick in to pay for your expenses.
Is your agent putting you in the driver’s seat of your coverage? To work with a Westlake Village staff that is here to educate you so you can make the best decision about your coverage, contact Udell Family Insurance. We are here to help you get the right level of California car insurance to be safeguarded on the road ahead.