You have just been injured in a car accident that you did not cause. Your medical expenses exceed $20,000, but the individual who just hit you only has $15,000 in liability coverage. Who is going to pay the remaining $5,000? What if the person who hit you had no liability coverage at all? Who would pay your medical bills? If you do not have uninsured/underinsured coverage, you will be forced to pay the remaining balance out of pocket. So even though you did not cause the accident, you are penalized.
Unfortunately, according to the Insurance Research Council, a surprising 1 in 7 drivers do not have sufficient insurance. That means, without uninsured/underinsured coverage, you leave yourself vulnerable to financial harm caused by reckless drivers on the road.
When it comes to safeguarding your assets, you must think about all plausible scenarios that can leave you in harm’s way. When an individual purchases auto insurance at the minimum liability requirements, they leave themselves vulnerable. If you are involved in an accident that exceeds the minimum requirements, you will be forced to pay the remaining balance out of pocket. For accidents involving multiple vehicles with multiple injuries, this typically leaves damaging consequences in its wake.
For a small additional amount, you can safeguard your assets with uninsured/underinsured motorist coverage. Depending on your particular insurance carrier, they may separate uninsured/underinsured motorist coverage by bodily injury and property damage coverage. It is important that you obtain both to ensure protection.
Since California does not legally require you to obtain this insurance policy, many Californians will opt out, and regret it once they have been involved in a damaging accident. There is no better time than now to protect your assets.
Contact Weaver & Associates Inc. in Arcadia for your California auto insurance needs. We understand how confusing the various auto insurance coverage options can be, which is why we are here to personalize a unique package for you after evaluating your particular needs. Allow us to provide you with affordable auto insurance that maximizes coverage.
