Your Minimum Coverage May Not Be Enough
If you are trying to make the most of your money, have you considered carrying only the minimum coverage mandated by state law. Doing so, however, can leave you underinsured, which will mean you will be responsible for expenses like your own medical bills or repairs to your vehicle or home.
For example, you know that California requires you to carry liability coverage as part of your auto insurance for paying medical bills for others and repairing property damage if you cause an accident. Did you know, however, that just carrying the required coverage leaves you exposed to the risk of a significant hit to your wallet? If your car is stolen or vandalized, the state required coverage will do nothing to cover the expense. You need comprehensive coverage to protect your car in that way. Furthermore, without collision coverage (which is not required by the state) your insurance will not be able to help cover the cost of repairs to your vehicle after an accident.
In the case of your home, your mortgage lender will also likely require you to carry some type of homeowners insurance. Again, carrying just the bare minimum can leave you exposed to significant financial risk. For example, if your area experiences a flood or earthquake, will your coverage kick in?
Don’t be left facing a gap in your coverage that leads to a financial burden in your life. Contact Weaver & Associates Inc. in Arcadia for all of your California auto insurance and homeowners insurance needs. We are here to ensure you have the full coverage you deserve to ensure that no matter what lies down the road, you will be protected. Do not wait to get the right insurance to safeguard yourself; call us today!
