Tweet
Re: Trying to find cheaper car ins - questions!
The limits for Liability Bodily Injury and Property Damage seem too low. To me these are the most important coverages to look at in any auto insurance quote.
and to quote the verbage from an auto-insurance website (since I don't feel like typing this
):
"If you select limits that are too low, you could be putting yourself at risk financially. For example, if either you or a driver covered by your policy cause a serious accident where damages exceed your limits, you will be held responsible for the amount above your limits.
To make that payment, you could be forced to liquidate property, savings and other assets, or your future earnings could be attached. By purchasing liability limits to account for both your current assets and future net worth, you can help protect yourself against this risk."
The limits for Liability Bodily Injury and Property Damage seem too low. To me these are the most important coverages to look at in any auto insurance quote.
and to quote the verbage from an auto-insurance website (since I don't feel like typing this
):"If you select limits that are too low, you could be putting yourself at risk financially. For example, if either you or a driver covered by your policy cause a serious accident where damages exceed your limits, you will be held responsible for the amount above your limits.
To make that payment, you could be forced to liquidate property, savings and other assets, or your future earnings could be attached. By purchasing liability limits to account for both your current assets and future net worth, you can help protect yourself against this risk."
Comment