Cheap Insurance is the Most Expensive You Can Buy
Even though we all
have to make financial sacrifices these days, a cutback that should never be
made is one which affects your insurance coverage limits. It usually
seems the logical thing to do, even when initially shopping for insurance, but
what most insurance salespeople don't explain clearly is that the limits of
your policy are directly relative to your premium amounts. In other
words, if you didn't purchase a policy with high enough payout limits, you will
have to PAY OUT OF YOUR POCKET everything your insurance company won't
cover. This is especially common among personal injury cases, for
example:
Let's imagine you caused a collision, wherein the driver of the other vehicle suffered a broken wrist which required surgery; if your liability limit for personal injury was only $25,000.00, yet the surgery cost $45,000.00, then you get sued for payment of the remaining amount due. And that's not even taking into consideration other factors, like loss of income, physical therapy costs, and of course the big favorite of all attorneys, the "pain and suffering" costs. In short, you and your family could quickly lose everything you've worked so hard for-and all because you decided to try and save a measly few hundred dollars per year. Think about it...
Aaron Cooper
Director of Marketing
Sonshine Auto Body
(760)243-3185
Posted by Aaron Cooper at 6/14/2010 6:13 PM 
Categories: Insurance
Tags: Insurance Claims Policy Deductible Policies
Categories: Insurance
Tags: Insurance Claims Policy Deductible Policies
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