The media is full of stories about the high cost of health care. When you go to your own health professional, you get a wake up call about how much even a simple issue can cost. Have you thought about your auto insurance policy and how much you can count on for help should you be at-fault in an accident?
A basic auto insurance policy (besides a Low Cost Auto Policy) will cover $15,000 of medical expenses for one person injured in a crash caused by you. That same minimum policy will cover expenses totaling $30,000 for everyone injured in the accident. That’s it.
According to a 2013 report by Rocky Mountain Insurance Information Institute (www.rmiia.org). the average auto liability claim for bodily injury was $15,443. That means you would be on the hook for about $500 if there was only one injury. Two injuries with minimum coverage will take $1,000 out of your pocket. Remember this is an average. In our whiplash society filled with personal injury lawyers happy to exploit what they hope is a lawsuit lotto.
Talk to your insurance professional and see that you have the coverage you need. Don’t be the deep pockets you may not have.