The ONE item on your Auto Policy that can save your financial life
Arizona Auto Insurance / Insurance Phoenix
It is normal.
You buy a car based on features - the color, the acceleration, the air conditioner and more.
You call your agent to add the vehicle and talk the usual - what kind of deductible to carry, whether to add full glass, towing, and even uninsured motorist.
Unfortunately for most insured's they forget to ask about the one item on an auto policy that can truly save their financial lives - Bodily Injury.
BI is designed to cover the other party's injuries if you are at fault in an accident. In Arizona the state minimum required BI coverage is $15,000.
To understand just how paltry this amount is - a person making $60,000 per year who is injured in an accident and unable to work three months can claim reimbursement of lost income of $15,000. This is before you add medical costs.
Bodily Injury usually comes in the following amounts, per person: $15,000, $30,000, $50,000, $100,000, $250,000, $500,000, $1,000,000. It might surprise you that the cost to increase BI from $15,000 to $100,000 may cost less than $100 per year in some cases.
BUT THE BIG QUESTION: If BI protects the "other" person, why should you carry such a high amount? The answer - to protect your assets and income.
If you are at-fault and cause serious injury, a disability or even death your existing BI may be insufficient. In that case, the adverse party can sue you personally.
Make no mistake, their are plenty of attorney's who would be willing to sue you, especially if you have assets, savings, and a nice income in which they can seek garnishment.
Raising your BI coverage costs very little compared to what it can protect. You work too hard to accumulate your assets and build an income to lose them for one accident. Don't trip over the dollar to save a penny. Raise your BI and protect your income and assets.
Insurance Phoenix
If you need a great website designer, visit: Freelance PHP Programmer
Related keywords for this page:
php,programming,application
