As insurance agents, we get that question all the time! At Seibert Insurance, we hear “I don’t have any assets, just bills and debt – so why do I need the higher limits of liability insurance?”. It’s simple – you never know what will happen.
You don’t know what damage you may cause a person or a family if you are in a horrible auto accident. Say you are driving down the road, your phone rings and you look to answer it…in that one second that you take your eyes off the road the light turns red and you smash into another car.
We all know ambulance rides to the hospital and some diagnostic tests to find out what is wrong can run upwards of $10,000- $20,000. If you were at fault, you are responsible for those injuries, lost wages, etc. Yes, Florida is a “no-fault state” but once that $10,000 of Personal Injury Protection coverage runs out, that person you smashed into will be looking for you to pay the rest of the bills. If you have what is required by the state of Florida to cover you for insurance, you better run for the hills because $10,000 per person, $20,000 per accident and $10,000 Property Damage coverage will not get you very far in this scenario.
You may have a pile of bills you have to pay at home but how would you feel about a judge garnishing your wages to pay for the injuries your insurance came up short on? When you do not have enough coverage liability insurance, this can easily happen. As a Tampa, Florida independent agent we hear stories like this all the time.
Want to make sure you have the right limits on liability insurance? Call Seibert Insurance today. Our experts will make sure you have sufficient liability limits to protect your future earnings and assets you will accumulate over your lifetime. Plus, if you have a clean driving record, most of the time the cost to increase your limits is less than you spend to buy coffee in a month. So what are you waiting for? Call our insurance agency now!