Are your bodily injury liability limites set high enough?
Too many people continue to use bodily injury (if the other guy gets
hurt) coverages of $100,000/$300,000 or less.
If you own your own home or have an above average income your bodily
injury (B.I.) coverages need to be $250,000/$500,000.
The reason is simple to understand:
If you are negligent in an auto accident and the other party has a severe
injury there is more of a chance than ever before that his or her medical bills
could exceed $100,000. If you are
well-to-do you have more to lose. To
increase your BI coverage may cost as little as $14.00 per six months. To offset this cost consider higher comprehensive and
collision deductibles.
The average value of a vehicle on the road in Douglas County is now
$25,800. There are many vehicles
that obviously exceed this value but one in five local policyholders carry
Property Damage (P.D.) limits of only $25,000 per occurrence.
What if you have an accident and total the other party’s car?
For only a few quarters per month per auto insurance policy you can
remedy this situation by increasing your PD coverage to $50,000 or even better
to $100,000 per occurrence.
One of the best values in auto insurance in Colorado is Farmers Glass
Buyback. Our state uses gravel and
sand on our snowy roads and it is not a matter of if, but rather when it will be
that your windshield gets hit with a pebble.
For about $2 per month you can reduce your glass replacement deductible
to $100 and repairs are free. The
cost for this coverage is higher for youthful drivers.