You worked very hard in the car or cars are, and all other personal belongings to the value space. Once the proper auto insurance may protect you more than the cars, it can protect all the assets.
Auto insurance is more than for a car or RV, or motorcycle. Insurance can insulate you from the personal assets may be worth risking an accident and found to be defective. Understanding that each individual state laws or other liability, defective or different minimum liability coverage requirements, it is important to note that every state where the accident and found to be guilty, you are personally responsible for damages.
Insurance is a way to minimize exposure to liability or damages it may cause, and determined to be responsible. When you buy a policy, you can choose the coverage amount you want or need. In many cases, the lien holder of the vehicle dictates the amount of coverage you need, if any. But there is something else to consider, and ask yourself: what is the value of my personal assets? The reason for this is that the question is: even though the insurance company's duty to protect you from political boundaries and coverage you purchased, the claimant or the person that caused damage and potential injury, do not try, after personally if they feel the limitations of the policy is not appropriate for the material damage and / or injuries.
An example should help demonstrate this better, I have a current insurance policy, the following limits: $ 15,000 property damage and bodily injury $ 15,000 / $ 30,000. The injuries mean that up to $ 25,000 coverage is available only person injured and a total of up to $ 30,000 total for all victims. Let's say the demonstration, three people were in the vehicle, where the victims were and then found guilty. The driver was seriously injured, maintenance of a broken hip, a wound to the face and a broken arm. The other two passengers in the vehicle sustained soft tissue injuries on their backs, their faces and some pieces of broken glass. My manager and claims adjuster experience, this need can be valued in monetary policy limits $ 30,000 for all victims.
Recalling that the insurance company is to protect you, and the need to resolve this within the framework of the policy. If the injured party lawyer, the lawyer will make / own due diligence to determine if any personal property, value, or a high net worth individual. If the lawyer may decide to pursue both the political constraints, will come after personal assets. And yes, this is done, and you may be at risk of and means.
The above example and it is possible that a life, a respect for your personal assets at risk to be relaxed and having adequate insurance. How? In taking care to understand your personal financial situation, and assured adequate coverage for more than a vehicle. It's worth the time to pull the declarations page, which shows how the current coverage limits, and if, after really looking at what's on the line, feel inadequately secured, using an unbiased, consumer first page, which allows to get free auto insurance quotes the amount of coverage you should feel that you are adequately covered.
Auto insurance is more than for a car or RV, or motorcycle. Insurance can insulate you from the personal assets may be worth risking an accident and found to be defective. Understanding that each individual state laws or other liability, defective or different minimum liability coverage requirements, it is important to note that every state where the accident and found to be guilty, you are personally responsible for damages.
Insurance is a way to minimize exposure to liability or damages it may cause, and determined to be responsible. When you buy a policy, you can choose the coverage amount you want or need. In many cases, the lien holder of the vehicle dictates the amount of coverage you need, if any. But there is something else to consider, and ask yourself: what is the value of my personal assets? The reason for this is that the question is: even though the insurance company's duty to protect you from political boundaries and coverage you purchased, the claimant or the person that caused damage and potential injury, do not try, after personally if they feel the limitations of the policy is not appropriate for the material damage and / or injuries.
An example should help demonstrate this better, I have a current insurance policy, the following limits: $ 15,000 property damage and bodily injury $ 15,000 / $ 30,000. The injuries mean that up to $ 25,000 coverage is available only person injured and a total of up to $ 30,000 total for all victims. Let's say the demonstration, three people were in the vehicle, where the victims were and then found guilty. The driver was seriously injured, maintenance of a broken hip, a wound to the face and a broken arm. The other two passengers in the vehicle sustained soft tissue injuries on their backs, their faces and some pieces of broken glass. My manager and claims adjuster experience, this need can be valued in monetary policy limits $ 30,000 for all victims.
Recalling that the insurance company is to protect you, and the need to resolve this within the framework of the policy. If the injured party lawyer, the lawyer will make / own due diligence to determine if any personal property, value, or a high net worth individual. If the lawyer may decide to pursue both the political constraints, will come after personal assets. And yes, this is done, and you may be at risk of and means.
The above example and it is possible that a life, a respect for your personal assets at risk to be relaxed and having adequate insurance. How? In taking care to understand your personal financial situation, and assured adequate coverage for more than a vehicle. It's worth the time to pull the declarations page, which shows how the current coverage limits, and if, after really looking at what's on the line, feel inadequately secured, using an unbiased, consumer first page, which allows to get free auto insurance quotes the amount of coverage you should feel that you are adequately covered.